news

GB Auto’s shareholders retract decision to merge with RGI
29 - Sun - Mar - 2020
GB Auto’s shareholders retract decision to merge with RGI
The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) approved a recommendation to retract its decision to merge with RG Investments (RGI).The company’s shareholders also decided to cancel all the effects resulting from the merger decision, including the approval of amendments to articles six and seven of the…
CBE sets temporary deposit, withdrawal limit
29 - Sun - Mar - 2020
CBE sets temporary deposit, withdrawal limit
The Central Bank of Egypt (CBE) decided to set a temporary daily cash withdrawal and deposit limit of EGP 10,000 for Egyptian individuals and EGP 50,000 for Egyptian companies.The rule excludes the salaries due to be paid to employees, the CBE said in a statement…
CBE offers EGP 14.5bn T-bills on Sunday
29 - Sun - Mar - 2020
CBE offers EGP 14.5bn T-bills on Sunday
The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 14.5 billion on Sunday on behalf of the Ministry of Finance.The first tranche of the T-bills amounts to EGP 4 billion and will be offered through 91-day notes, while the second tranche…
Faisal Islamic Bank approves dividends for 2019, capital raise
29 - Sun - Mar - 2020
Faisal Islamic Bank approves dividends for 2019, capital raise
The ordinary general meeting (OGM) of Faisal Islamic Bank of Egypt approved the proposed cash dividend distribution for 2019.The bank’s shareholders agreed to distribute $0.08 per share denominated in US dollar after zakat deduction as well as EGP 1.283 per share denominated in the Egyptian pound after…
EIPICO’s shareholders approve EGP 4/shr dividends for 2019
29 - Sun - Mar - 2020
EIPICO’s shareholders approve EGP 4/shr dividends for 2019
The ordinary general meeting (OGM) of the Egyptian International Pharmaceutical Industries (EIPICO) approved procedures to distribute cash dividends for 2019.The company’s shareholders decided to distribute EGP 4 per share as dividends, totalling EGP 396.68 million for last year’s earnings, according to a bourse statement on Sunday.During 2019,…