Doha-Mubasher: Qatar National Bank Al Ahli said that its board has agreed on increasing both the paid-up and issued capital through distributing 96.785 million bonus shares at 1.5-for-10.

The capital will be raised to EGP 7.42 billion from EGP 6.45 billion, a growth of EGP 967.85 million, financed by the public reserves based on the company’s financial position on 31 December, 2015.

The bank noted that the board has called for holding both ordinary and extraordinary general meeting.

QNB Al Ahli achieved EGP 3.2 billion profits as per the consolidated financials for the fiscal year ended 31 December, 2015 as compared to EGP 2.32 billion in the corresponding period of 2014.