ArabFinance: Faisal Islamic Bank of Egypt (FAIT) decided to raise the issued and paid-up capital to $607.47 million from $506.22 million, according to a statement filed to the Egyptian Exchange (EGX).

The capital increase amounts to EGP 101.24 million distributed over 101.24 million shares.

Accordingly, 0.20000000079:1 bonus shares will be distributed as of January 6th, 2022, with the eligibility in distribution for shareholders until January 5th, 2022.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance with Islamic Sharia principles through its head office and 27 branches located across the country.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.