CIB
COMI
-3.05%
80.00
-2.52
COMI
The securities listing committee of the Egyptian Exchange (EGX) gave a nod for Commercial International Bank - Egypt, to post a disclosure form to discuss increasing issued and paid-in capital.
The lender had announced earlier that it mulls increasing issued and paid-in capital from EGP 9.2 billion to EGP 11.5 billion through bonus share distribution.
The EGP 2.3 billion increase is divided into 229.4 million shares at 1-for-4, to be financed from general reserves.
Meanwhile, the bank proposed the distribution of cash dividends at EGP 1.1 billion for the fiscal year 2014.
Source:
Mubasher