Cairo – Mubasher: The ordinary general meeting (OGM) of the Commercial International Bank-Egypt (CIB) has approved a cash dividend distribution of EGP 1.35 per share for 1.98 billion shares.
The ex-dividend date was set on 4 April 2022, and the dividends are scheduled to be disbursed on Thursday, 7 April, according to a bourse filing on Monday.
Meanwhile, the shareholders have agreed on authorising the board to increase the issued and paid-up capital by 1 billion shares, which will be financed by the general reserves worth EGP 10 billion.
It is noteworthy to mention that in 2021, the bank's consolidated net profits jumped by 30% to EGP 13.27 billion, compared to EGP 10.24 billion in 2020, including minority shareholders' rights.
