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EBE’s shareholders approve bonus issue

EBE’s shareholders approve bonus issue
The lender will issue bonus issues valued at EGP 545.6 million

Cairo – Mubasher: The shareholders of Export Development Bank of Egypt (EBE) approved a two-for-10 bonus issue.

The lender will issue bonus shares valued at EGP 545.6 million for the earnings of fiscal year 2019/2020, according to a bourse disclosure on Thursday.

During FY19/20, EBE achieved net profits of EGP 1.103 billion, slightly down from EGP 1.116 billion a year earlier.