The Export Development Bank of Egypt (EBE) has officially raised its issued and paid-up capital to 13.6 billion Egyptian pounds, following unanimous approval by the bank’s Extraordinary General Assembly.
The decision was confirmed in a disclosure issued to the Egyptian Stock Exchange on Tuesday, August 5, 2025, detailing amendments to Articles 6 and 7 of the bank’s Articles of Association, which regulate its capital structure.
The increase marks a significant rise from the previous capital of 9,896,668,320 pounds (approximately 9.89 billion pounds), boosting the bank’s capital by over 3.7 billion pounds in a strategic move aimed at enhancing its financial capabilities.
Article 6: Before and after amendment
Before the change, Article 6 stipulated that EBE’s authorised capital stood at 20 billion pounds, while its issued and paid-up capital was 9,896,668,320 pounds. This was distributed across 989,666,832 cash shares, each with a nominal value of 10 pounds and fully paid.
Following the amendment, the article now states that while the authorised capital remains unchanged at 20 billion pounds, the issued and paid-up capital has increased to 13.6 billion pounds. This capital is now represented by 1,360,000,000 fully paid cash shares, each also valued at 10 pounds.
Article 7: Adjusted share structure
Article 7 of the Articles of Association was similarly modified. Prior to the amendment, it detailed that the issued capital was composed of 989,666,832 nominal shares, with 100% of the nominal value paid.
Post-amendment, the article now reflects the increased share count — 1,360,000,000 nominal shares — with all shares fully paid at their nominal value.
This move aligns with the bank’s long-term growth objectives and underscores its commitment to expanding operations and strengthening its financial foundation amid evolving market demands.
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