QNB to increase authorized and paid-in capital through bonus issue

Qatar National Bank Alahly (QNBA) received the board of director’s nod to increase its authorized capital by EGP 5 bn to EGP 15 bn, Al Borsa reported. The bank will also increase its issued capital by EGP 1.48 bn to EGP 8.9 bn through the issuance of two bonus shares for every 10 shares held, financed through its reserves.