Cairo – Mubasher: The board of directors of Export Development Bank of Egypt (EBE) decided to retain the EGP 136.4 million cash dividends proposed to be paid to shareholders for fiscal year 2019/2020.
This move is aimed at supporting the capital base of the bank, according to a bourse disclosure on Monday.
Instead, the bank approved a one-for-10 bonus issuance for shareholders.
During FY19/20, EBE achieved net profits of EGP 1.103 billion, slightly down from EGP 1.116 billion a year earlier.
