Cairo – Mubasher: The board of the National Bank of Kuwait – Egypt (NBK Egypt) has recommended increasing the issued capital to EGP 1.5 billion, by distributing bonus shares.
The general assembly will hold a meeting to overview raising the authorised capital to EGP 2.5 billion, according to a bourse statement issued on Monday.
The board members approved the share split, in principle.
By the end of Monday’s trading session, NBK Egypt fell by 1.32% to reach EGP 26.83.
