Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) set the record date for 0.098 bonus share per share for fiscal year 2015 on 3 May 2017.
Distribution of the bonus shares will take place on 4 May 2017, the bank said in a filing to Egyptian Exchange (EGX) on Tuesday.
The financial statements for the fiscal year ended 31 December 2015 showed a growth of 34.67% in net profits reaching EGP 278.12 million.
The EGX said at the beginning of April that the bank had issued capital stock increase certificates to $316.3 million from $287.9 million, with an increase of $28.3 million as bonus shares financed from retained earnings.
The bank’s stock closed at $0.956 in Tuesday’s trading session.
