Cairo - Mubasher: The equityholders of Suez Canal Bank approved distributing bonus shares valued at EGP 5 billion for 2025.
The bonus distribution will be executed at a rate of 0.50 share for each outstanding share, according to a bourse filing.
Following the bonus shares issuance, the bank’s issued and paid-up capital will increase to EGP 15 billion from EGP 10 billion, within the authorized capital ceiling of EGP 15 billion.
It is worth noting that this move remains subject to obtaining the approval of the Central Bank of Egypt (CBE) and other relevant regulatory authorities.
During 2025, the EGX-listed lender generated net profits after tax worth EGP 6.42 billion, compared to EGP 5.68 billion a year earlier.
