Cairo - Mubasher: Suez Canal Bank will distribute bonus shares at a nominal value of EGP 10 per share and a rate of 0.53 free shares for every one original share of the bank's shares, before a previously approved capital increase, for the holders and buyers of the share until the end of the trading session on 14 April 2026.
The 350 million bonus shares will, therefore, be distributed as of 15 April, taking into account the fractions in favor of small shareholders from the smallest to the largest until quantity runs out, according to an official disclosure.
Based on the ordinary general meeting on 16 March 2025 and the board's decision on 6 August 2025, the issued capital of Suez Canal Bank will increase by EGP 3.50 billion to EGP 10 billion from EGP 6.50 billion through the bonus shares.
The capital increase process will be funded from the shareholders’ share in 2024 profits.
The distribution will be executed through Misr Clearing, Depository, and Central Registry (MCDR), pending approval from the EGX Listing Committee.
Earlier this month, the shareholders of Suez Canal Bank approved distributing EGP 5 billion in bonus shares for 2025.
