EGYPT: Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has received approval from the Egyptian Exchange’s listing committee to list an increase of EGP1 billion (US$20.8 million) in its issued and paid-up capital, Arab Finance reported.
The increase is distributed over 100 million shares, equivalent to 0.2-for-1 bonus shares, at par value of EGP10 (US$0.21) per share. Accordingly, the capital will be increased to EGP6 billion (US$124.81 million).
