Cairo - Mubasher: The listing committee of the Egyptian Exchange (EGX) gave a nod to the Egyptian Gulf Bank (EGB) to conduct an extraordinary general meeting to discuss raising the company's issued capital to $287.92 million.
The lender will raise its capital from $255.6 million to $287.92 million, up $32.3 million distributed across 32.3 million shares at $1 par value each.
This increase comes as a first tranche of capital increase totaling $129.4 million, distributed across 129.4 million shares at $1 par value each.
Last December, the lender has distributed bonus shares at 0.0942-for-1, in the framework of raising its issued capital from $233.560 million to $255.575 million.
