The board of Export Development Bank of Egypt (EBE) gave the green light for raising the issued and paid-up capital by EGP 2 billion through rights issue of 200 million shares at a par value of EGP 10 per share.
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The new capital will stand at EGP 5.27 billion, instead of EGP 3.27 billion prior to the capital hike, according to a bourse disclosure.
Last September, EBE’s board granted its preliminary approval to increase the capital by EGP 3 billion to total EGP 6.27 billion.
