CIB Submits Documents to List Capital Increase Shares Reaching 33.7 Billion EGP
The Egyptian Exchange announced that the Commercial International Bank – Egypt (CIB) has submitted the required documents to list the shares of its issued and paid-up capital increase, bringing the bank’s total capital to 33,779,361,000 EGP.
According to the Exchange, the increase amounts to 3,070,851,000 EGP through the issuance of 307,085,100 bonus shares, each with a nominal value of 10 EGP. The increase will be financed from the bank’s general reserve balance, based on the financial position as of 31 March 2025, as part of CIB’s strategy to strengthen its capital structure and support shareholder equity.
The Exchange added that the documents submitted by CIB are currently under review in preparation for referral to the Listing Committee before the new shares are officially added to the market. The move is expected to enhance trading liquidity and stimulate overall market activity.
This step reflects the bank’s ongoing strategy to optimise its capital structure, boost shareholder market value, and sustain internal financing without resorting to cash issuance.