EGB shareholders to tackle capital hike

Cairo – Masher: Egyptian Gulf Bank (EGB) said it will hold an extraordinary general meeting on 27 January to discuss increasing its issued capital by $ 129.4 over a number of tranches.

The shareholders meeting will also discuss amending articles of incorporation.

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.

Mubasher Contribution Time: 10-Jan-2016 07:21 (GMT)