Thndr Claps » EGY Claps » Financial Services 💸 » ADIB prepping second capital increase 🏦
The ClapADIB received FRA approval to begin procedures to increase its capital from EGP 4 billion to EGP 5 billion.The DeetsThe increase is supposed to take place by issuing 100 million shares, at a value of EGP 10 per share, in addition to issuance fees of EGP 0.05 per share.Now WhatIt is expected that the next step will be to invite the shareholders to subscribe to the capital increase.BackgroundThis is the second time in a short period that the ADIB is increasing its capital, after it succeeded in July 2022 in raising its capital from EGP 2 billion to EGP 4 billion.
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