Egypt’s CIB to issue one bonus share for each four held
Commercial International Bank (CIB) logo

CAIRO: Egypt’s Commercial International Bank (CIB), the country’s largest listed bank, will issue one bonus share for each four held, the bank said in a bourse statement on Tuesday.

Egypt’s stock exchange in February approved the bank’s request to increase its capital by 2.29 billion Egyptian pounds ($293 million) to 11.47 billion.

The bank will increase its capital from its reserves and in return will issue 229.4

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