Cairo – Mubasher: The Egyptian Exchange’s (EGX) Listing Committee on Wednesday approved raising the issued capital of The Export Development Bank of Egypt (EBE) to EGP 1.7 billion, from EGP 1.4 billion, funded by statutory reserves and retained earnings.
The capital increase is distributed over 28.8 million shares, with a par value of EGP 10 per each share, at one bonus share for each five shares before capital increase, according to statement to the EGX.
On Wednesday, 23 August the right to free distribution of the shareholders will be ended.
EBE's stock levelled up 4.43%, closing at EGP 14.85 after 244,910 shares were exchanged, generating EGP 3.64 million on Wednesday.
