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Record date for CIB's bonus shares 9 Dec

Record date for CIB's bonus shares 9 Dec
Photo Credit: Arabianeye - Reuters
CIB
COMI
-3.05% 80.00 -2.52

Cairo - Mubasher: Commercial International Bank(CIB) - Egypt said shareholders of record until 9 December would be entitled to its bonus shares at 1 to 4 .

Earlier, the lender said it will distribute bonus shares in the framework of its capital hike from EGP 9.17 billion to EGP 11.47 billion.

The capital increase will be distributed across 229.4 million bonus shares at EGP 10 par value each.

Earlier, the Egyptian Exchange listing committee gave go - ahead to raise the company's capital from EGP 496.4 million to EGP 521.2 million, up by EGP 25 million.

The capital top-up came in the framework of applying the employees’ incentives program.

CIB posted an increase of 32% in net profits for the first nine months of 2015.