The Commercial International Bank-Egypt (CIB) has submitted a request to list its capital raise shares on the Egyptian Exchange (EGX).
The request includes raising the issued and paid-up capital by EGP 4.925 billion to EGP 19.207 billion from EGP 14.776 billion, the EGX said in a statement on Thursday.
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The capital raise is divided over 492.560 million bonus shares to be financed by the general reserves for the period ended 31 December 2020.
The request is currently under review before being submitted to the listing committee for approval.
In the first half (H1) of 2021, CIB achieved consolidated net profits of EGP 6.088 billion, up from EGP 4.997 billion in H1-20, including minority shareholders’ rights.
