Thndr Claps » EGY Claps » Financial Services 💸 » Housing & Development Bank Board of Directors Alter Source of Financing for Capital Increase🏦
Housing & Development Bank (HDBK) board of directors (BoD) have approved changing of funding sources for their capital increase.
More Details🧐 HDBK saw its request to increase its paid-up capital from EGP 1.518 billion to EGP 5.313 billion approved by the FRA back in September 2021.
Why is this Important🤔 The capital increase would have initially been financed from HDBK’s general & legal reserves, as well as the distributable profits.
Now, the capital raise will be financed from general reserves with EGP 3.28 billion & retained earnings with EGP 511.97 million.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email email@example.com and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)