PHOTO
"Ras al Khaimah, Ras al Khaimah/United Arab Emirates - 4/11/2020: "Abu Dhabi Islamic Bank (ADIB) sign close up on a glass window building." Getty Images
Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) will distribute 0.2-for-1 bonus shares on July 11th, as per a disclosure.
The eligibility in the stock dividend distribution will be for shareholders of a record date on July 10th.
This comes as part of the bank’s issued and paid-up capital increase process.
On March 21st, ADIB Egypt’s extraordinary general meeting (EGM) approved the board’s proposal to increase the issued and paid-up capital from EGP 5 billion to EGP 6 billion.
The capital increase amounts to EGP 1 billion and is distributed over 100 million shares at a nominal value of EGP 10 per share.
ADIB Egypt is an EGX-listed bank that operates within the provision of retail, corporate, and investment banking services through its network of branches across Egypt.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
