(2017-08-27) Al Ahli Bank submits listing documents to raise capital by LE1.4 bln
EGX administration announced on August 24 that Al Ahli Bank (QNBA) submitted listing documents of authorized capital hike to EL15 billion from LE10 billion, as well as issued and paid capital hike to EL8,904,227,140 from LE7,420,189,290 with increase amounting to LE1,484,037,850. The capital hike will be distributed over 148,403,785 at nominal value LE10 per share. It is worth to mention, the capital hike will be financed from public reserves of financial results ending 2016. EGX added the documents will be reviewed to be presented to the listing committee