Arab Finance: Announce Suez Canal Bank Egyptian Joint Stock Company (CANA)announced a free increase in the issued capital from 5 billion pounds to 6.5 billion pounds, an increase of 1.5 billion pounds, according to statement Egyptian Stock Exchange.
She added that the increase will be financed from the shareholders’ share in the distribution of profits for the fiscal year ending on 12/31/2023, distributed among 150 million free shares with a nominal value of 10 pounds per share, distributed to the bank’s shareholders.
The Suez Canal Bank decided to distribute the bonus shares at the rate of (0.3) shares for each original share of the bank’s shares before the increase, to holders and buyers of the stock until the end of the trading session on Tuesday, corresponding to 1/14/2025, provided that the bonus shares are distributed as of Wednesday. Corresponding to 1/15/2025, taking into account the reparation of fractions in favor of small shareholders from smallest to largest, until supplies last.
This comes through the Misr Clearing, Depository and Central Registry Company, after the issuance of the Registration Committee’s decision to approve the registration of the increase shares.
Established in 1978, the bank provides reliable personal, corporate and Islamic banking services through its 49 branches across the country, in addition to correspondents around the world and a representative office in Tripoli, Libya.
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