Cairo – Mubasher: The Egyptian Exchange (EGX) said Tuesday that Egyptian Gulf Bank (EG Bank) has submitted the documents to raise its issued capital from $287.9 million to $316.3 million via distributing bonus shares worth $28.3 million.
The stock market added that it is reviewing the documents to submit them to the Listing Committee.
The raise will be financed from retained profits, a bourse filing said.
The stock declined on Monday by 1.06% to $0.93.
