Cairo – Mubasher: Al Baraka Bank – Egypt said Thursday that its ordinary general meeting (OGM) has agreed on raising the bank’s capital through distributing 0.15 bonus share for each ordinary share.
The raise value is EGP 165.2 million distributed across 23.6 million shares with a nominal value of EGP 7, a bourse statement said.
Earlier this month, the Listing Committee of the Egyptian Exchange (EGX) approved the publishing of the company's disclosure regarding the increase of the company’s issued capital from EGP 1.10 billion to EGP 1.26 billion via distributing bonus shares.
