Cairo – Mubasher: Qatar National Bank Al Ahli (QNBA) said Thursday that the ordinary and extraordinary general meetings agreed on capital increase via distributing bonus shares at 1.5-for-10 shares.
The ordinary general meeting (OGM) decided to use EGP 967.85 million of the bank’s public reserve in increasing the issued and paid-in capital as well as transferring EGP196,600 gained from the sale of fixed assets in 2015 to the capital reserve.
The extraordinary general meeting (EGM) concluded that the paid-in and issued capitals are to be increased EGP967million to EGP7.4 billion from EGP6.45 billion. This rise will be distributed as bonus shares at 1.5-for-10 shares.
In addition, the ordinary general meeting approved of the board report, auditor report, balance sheet, income statement, and financial statements for the period ended 31 December, 2015.
The bank’s net profit for the same period reached EGP3.2 billion, compared to EGP2.32 billion in 2014.
