Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) announced the purchase of 5.44 million shares to be granted as bonus shares to the bank’s executive board members, managers, and employees under the incentive programme, according to a bourse filing on Wednesday.
In May 2017, the bank’s extraordinary general meeting (EGM) approved the incentive programme under which the executive board members, managers, and employees will be granted bonus shares.
In August 2017, the bank decided to award employees and executives 500,000 bonus shares.
During the first half of 2019, EG Bank’s profit after taxes rose to EGP 292.1 million, compared to EGP 275.3 million in the year-ago period.
