ArabFinance: Qatar National Bank Alahli's (QNB Alahli) (QNBA) will distribute cash dividends of EGP 1 per share on July 8th, according to the company’s statement filed the Egyptian Exchange.

The company stated the dividends will be disbursed to the shareholders recorded on July 5th.

On June 3rd, the Egyptian Exchange approved listing the bank share of issued and paid-up capital increase as well as the par value after splitting.

The bank will increase the capital from EGP 9,794,649,850 to EGP 10,774,114,830, with an increase amounting to EGP 979,464,980. It will issue 97,946,498 free shares, 0.09999999948 share for each share held before the increase, at par value of EGP 10 per share.

QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, medium and small enterprises (SMEs), as well as individuals. The Bank is organized into three business segments: Retail Banking, Corporate and Investment Banking, and Tawazon Balanced Fund.

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