CIB Egypt Doubles Authorized Capital to EGP100 Bn
First Bank
Commercial International Bank CIB
The stock exchange administration announced that Commercial International Bank - Egypt "CIB" has submitted documents to increase its authorized capital from EGP50 bn to EGP100 bn.
The bank also submitted documents to the Egyptian stock exchange, amending the legal framework, name, purpose, headquarters, and legal address of the bank.
This comes in light of amending articles (1, 2, 3, 4, 6) of the bank's bylaws. It is noted that the documents submitted by the bank are currently being examined and studied, and they will be completed for presentation to the registration committee.
