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Thndr Claps » EGY Claps » EGX 🔔 » FRA Approves EBE’s Capital Increase Request✔

FRA Approves EBE’s Capital Increase Request✔

by Shams Abbas
February 22, 2022

The FRA has approved the Export Development Bank of Egypt’s (EXPA) request to increase its paid-in capital from EGP 3.27 billion to EGP 5.27 billion.

More Details🧐  The increase of EGP 2 billion will be through a rights issue subscription to old shareholders, with a par value of EGP 10.

Shareholders who own EXPA by March 15, 2022 trading session have the right to subscribe to up to 61% of the shares they own. 

Subscription Date📅 The subscription date starts on March 20 until  April 18, 2022.

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