The capital increases of Suez Canal Bank and Commercial International Bank (CIB) were approved by the Listing Committee, according to a statement on the stock exchange website.
CIB will increase capital by LE 25.7 million, distributed over 2.57 million fully paid shares, through rights issue allocated to the bank’s employees stock options program, at a par value of LE 10 per share.
Meanwhile, Suez Canal Bank will up capital from LE 1 billion to LE 2 billion, distributed over 100 million fully paid cash shares, through a rights issue for the existing shareholders, at par value of LE 10 per share.
