Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) said Wednesday that its ordinary general meeting (OGM) has voted for a proposal to raise the issued and paid-up capital by $27.7118 million via a rights issue.
The rights issue shall be traded separately from the original shares, according to the listing rules, a statement to the stock market said.
The bank’s board had earlier agreed to raise the capital from $316.3 million to $344.02 million.
