Cairo – Mubasher: Al Baraka Bank Egypt said Sunday it submitted documents to the Egyptian Exchange (EGX) requesting an approval to proceed with raising issued capital to EGP 957.68 million from EGP 895.03 million.
The EGP 62.65 million capital, divided into 8.95 million shares at EGP 7 par value each, will be financed fully from shareholders’ dividends for the fiscal year 2014, the bank added.
The bank will also raise authorised capital to EGP 2 billion from EGP 1 billion.
