Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the listing of the capital raise shares of the Egyptian Gulf Bank (EG Bank).

The bank’s paid-up and issued capital will be raised by $32.122 million to $422.74 million from $390.617 million, according to a bourse statement on Thursday.  

The eligibility for the 0.0822-for-one bonus issue will be for shareholders owning shares until the end of the trading session on Sunday, 8 November.

During the first half (H1) of 2020, EG Bank logged net profits of EGP 306.98 million, up from EGP 293.2 million in the year-ago period.