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CIB shareholders to discuss capital hike 18 July

CIB shareholders to discuss capital hike 18 July
The OGM will discuss on 18 July raising the capital from EGP 11.6 billion to EGP 14.52 billion
CIB
COMI
-3.05% 80.00 -2.52

Cairo – Mubasher: The ordinary general meeting (OGM) of the Commercial International Bank – Egypt (CIB) will discuss on 18 July raising its capital from EGP 11.6 billion to EGP 14.52 billion via distributing 1-for-4 bonus shares.

The OGM will also look into the changes in the bank’s board of directors, a bourse filing said on Tuesday.

The bank had earlier posted a net profit of EGP 1.75 billion for the first quarter of fiscal year 2017.