Cairo - Mubasher: The Egyptian Financial Supervisory Authority (EFSA) has approved the request of the Egyptian Gulf Bank (EG Bank) to invite old shareholders to subscribe to the remaining shares of the capital hike between 28 August and 26 September.

The bank decided to raise its capital from $316.302 million to $344.020 million, with an increase of nearly $27.718 million.

The remaining shares amount to nearly 6.102 million shares, with a nominal value of $1 per share.

EG Bank recently announced that subscription to its capital hike stood at 79.99% from the entire amount.