Cairo – Mubasher: The ordinary general meeting (OGM) of Suez Canal Bank approved the issuance of bonus shares worth EGP 704.32 million or EGP 0.32 per share.

Accordingly, the bank’s issued capital will be increased to EGP 2.9 billion from EGP 2.2 billion, according to a statement to the Egyptian Exchange (EGX) on Thursday.

Over the course of 2020, the bank achieved net profits of EGP 601.66 million, up from EGP 542.2 million a year earlier.