ArabFinance: The Egyptian Exchanges (EGX) Listing Committee has approved the listing of the authorized capital increase for Abu Dhabi Islamic Bank Egypt (ADIB), according to a statement.
The banks authorized capital has been raised to EGP 7 billion from EGP 4 billion.
Accordingly, ADIB Egypt shall abide by the provisions of Article 26 of the listing and delisting rules.
ADIB, formerly National Bank for Development, is an Egypt-based public shareholding company engaged in the provision of retail, corporate, and investment banking services through a network of 69 branches located across Egypt.
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