Egyptian Gulf Bank Approves Cash Dividends, Capital Hike to $233.5 mln

Egyptian Gulf Bank (EGB) Ordinary general assembly meeting (OGM) approved in its meeting on Tuesday a cash dividend of EGP 0.28 for each stock. in addition, the bank will also distribute  0.058256987 free stock for each stock.

Moreover, the EGB ‘s Extraordinary General meeting approved the issued and paid-up capital hike from US$ 220.7 million to US$ 233.56 million through the free stocks distribution.