Cairo - Mubasher: The shareholders of Commercial International Bank Egypt (CIB) have approved increasing the bank’s issued and paid-in capital to EGP 33.77 billion from EGP 30.70 billion.

The EGP 3.07 billion hike will be executed through the distribution of 307.08 million bonus shares, according to a bourse filing.

Shareholders will receive one bonus share for every ten held, with fractional shares rounded in favor of smaller shareholders.

The CEO will implement the capital rise transaction in line with the Financial Regulatory Authority (FRA) and Egyptian Exchange (EGX) rules.

In the January-June 2025 period, CIB posted consolidated net profits after tax valued at EGP 33.34 billion, signaling a year-on-year (YoY) surge from EGP 27.54 billion.