Cairo – Mubasher: The ordinary general meeting (OGM) of Suez Canal Bank has approved to raise capital via a bonus share issuance of EGP 695.67 million or 0.23 shares for every original share.

The issued capital will increase to EGP 3.6 billion from EGP 2.9 billion, according to a bourse filing on Sunday.

It is noteworthy to mention that in 2021, the net profits of Suez Canal Bank rose to EGP 604.67 million, compared to EGP 601.64 million in the earlier year.