Suez Canal Bank Approves EGP 5 Billion Bonus Share Distribution, Raises Capital to EGP 15 Billion
The Ordinary General Assembly of Suez Canal Bank has approved the distribution of dividends to shareholders in the form of bonus shares worth EGP 5 billion, based on the bank’s financial results for the fiscal year ending December 31, 2025.
In a disclosure to the Egyptian Exchange, the bank reported a net profit of approximately EGP 6.421 billion, according to its income statement. After adjustments—including allocations to capital reserves, strengthening the general banking risk reserve, and deducting net debit commissions—distributable profits reached around EGP 6.409 billion.
The bank added that retained earnings from previous years amounted to EGP 1.642 billion, bringing total distributable profits to approximately EGP 8.052 billion.
Profit distribution included EGP 319.353 million allocated to the legal reserve, EGP 5 billion in bonus shares for shareholders, EGP 64.958 million for employees’ share, EGP 64.096 million as board remuneration, and EGP 64.096 million allocated to the Banking Sector Support and Development Fund, with the remaining balance carried forward.
The assembly also approved increasing the bank’s issued and paid-up capital from EGP 10 billion to EGP 15 billion through the issuance of bonus shares, authorizing the board of directors to complete all necessary procedures.
In addition, shareholders ratified the bank’s financial statements, board report, auditors’ report, and corporate governance report for 2025.
Suez Canal Bank recorded a 13% year-on-year growth in net profit, rising to EGP 6.421 billion for FY2025, compared to EGP 5.681 billion in the previous year.