QNBA to discuss capital raise at 16 February EGM

Qatar National Bank Alahly (QNBA) shareholders will vote on increasing the bank’s authorized and issued capital at the 16 Feb EGM, now that the bank has received the Egyptian Exchange’s approval on the raise, according to Al Borsa. QNBA will be raising its authorized capital by EGP 5 bn to EGP 15 bn and its issued capital by EGP 1.48 bn to EGP 8.9 bn through a bonus share issue financed through reserves.