Cairo – Mubasher: Shareholders of Al Baraka Bank Egypt approved distributing bonus shares for 2015 at 15% of the paid capital, or 0.105-for-1 shares.
The bank will increase the issued and paid-in capital by adding 20.5 million bonus shares at a par value of EGP 7 each, totaling EGP 143.6 million.
The extraordinary general meeting agreed on the amendment of articles no. six and seven of the company’s statute, to reflect an increase in issued capital by EGP 143.6 million to EGP 1.1 billion or 157.3 million shares at EGP 7 par value each.
