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NBK Egypt’s board proposes capital hike

NBK Egypt’s board proposes capital hike
The board members approved the share split (Photo Credit: Mubasher)
NBK
NBKE
-0.26% 19.05 -0.05

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.