Cairo – Mubasher: The Egyptian Exchange (EGX) said Monday that the National Bank of Kuwait – Egypt (NBK Egypt) has submitted its capital increase documents.

The EGX will submit the documents to the listing committee after reviewing them, according to a bourse filing.

The bank’s issued and paid-up capital will be raised from EGP 1 billion to EGP 1.5 billion via distributing 50 million bonus shares (0.5 bonus share for each ordinary share) with a nominal value of EGP 10.

The stock was last traded at EGP 25.11.