Cairo – Mubasher: The ordinary general meeting (OGM) of Export Development Bank of Egypt (EBE) approved raising the issued and paid-up capital to about EGP 1.73 billion from EGP 1.44 billion.
The increase value stands at EGP 288 million distributed on 28.8 million bonus shares, by transferring and using deferred earnings and legal reserve registered in the financial statements of fiscal year 2016.
EBE’s current capital totals EGP 1.44 billion distributed on 144 million shares, at a nominal value of EGP 10 per share.
