News Details

Export Development Bank of Egypt (EXPA.CA)’s BOD Approves Capital Increase of EGP 545.6mn

24/01/2021

Export Development Bank of Egypt (EXPA.CA)’s BOD approved:

  • Increasing issued and paid in capital from EGP 2,728mn to 3,273.600mn, an increase of EGP 545.6mn, through distributing 20% stock dividend at par value of EGP 10/share to be financed from FY19/20 earnings, increasing the outstanding number of shares by 54,560mn shares.
  • To increase authorized capital from EGP 5bn to EGP 10bn.
  • The opening of three new branches in Al Merghani st., Minya, and Zagazig. (Company’s BOD Release)

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