News

FRA Approves Capital Increase for COMI (Commercial International Bank – CIB)

09 Mar 2021

The Financial Regulatory Authority (FRA) has approved to publish the disclosure on the decision of the CIB’s board of directors to raise the bank’s issued and paid-up capital through issuance of 12.271mn shares at a nominal value of EGP10/share or a total value of EGP122.71mn. In another context, CIB said in statement that it has appointed Tarek Rouchdy as the independent director of the board. (Source: Mubasher)

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