{"id":326101,"date":"2022-09-04T11:54:30","date_gmt":"2022-09-04T11:54:30","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=326101"},"modified":"2022-09-04T11:54:30","modified_gmt":"2022-09-04T11:54:30","slug":"fra-okays-adib-egypts-capital-hike-request","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/09\/04\/fra-okays-adib-egypts-capital-hike-request\/","title":{"rendered":"FRA okays ADIB Egypt\u2019s capital hike request"},"content":{"rendered":"

The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has received the Financial Regulatory Authority\u2019s (FRA) approval to proceed with the capital raise procedures.<\/p>\n

The FRA agreed to publish the disclosure form submitted by the bank to raise its issued and paid-up capital by EGP 1 billion to EGP 5 billion from EGP 4 billion.\u00a0The capital increase will be distributed over 100 million shares at a nominal value of EGP 10 a share,\u00a0according to a statement to the Egyptian Exchange (EGX) on Sunday.<\/p>\n

The capital raise procedures cannot be completed before\u00a0endorsing the previous EGP 2 billion capital\u00a0hike in the commercial register.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has received the Financial Regulatory Authority\u2019s (FRA) approval to proceed with the capital raise procedures.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":321200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[273],"class_list":["post-326101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-abu-dhabi-islamic-bank-egypt-adib-egypt"],"yoast_head":"\nFRA okays ADIB Egypt\u2019s capital hike request - egy-africa<\/title>\n<meta name=\"description\" content=\"The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has received the Financial Regulatory Authority\u2019s (FRA) approval to proceed with the capital raise procedures.\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/09\/04\/fra-okays-adib-egypts-capital-hike-request\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA okays ADIB Egypt\u2019s capital hike request - 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