Key Developments: Commercial International Bank Egypt SAE (CIBEY.PK)
4.79USD
17 May 2013
$-0.03 (-0.62%)
$4.82
$4.80
$4.83
$4.79
24,570
23,474
$6.51
$3.57
Latest Key Developments (Source: Significant Developments)
Commercial International Bank Egypt SAE Recommends Bonus Shares for FY 2012
Commercial International Bank Egypt SAE announced that its Board of Directors has recommended the distribution of 0.5 share for every one share owned as bonus shares for the fiscal year 2012. Full Article
Commercial International Bank Egypt SAE Announces Cash Dividends for FY 2012
Commercial International Bank Egypt SAE announced that its Board of Directors has approved the distribution of EGP 1.25 per share as cash dividend for the fiscal year ending December 31, 2012. The payment date is April 4, 2013 and the dividends date is April 1, 2013. Full Article
Commercial International Bank Egypt SAE Announces Managing Directors Nomination for CBE Governors Position
Commercial International Bank Egypt SAE (CIB) announced that Mr. Hisham Ramiz Abdul Hafiz, the Bank’s Vice Chairman and Managing Director, has been nominated to assume the position of the Egyptian Central Bank Governor. According to CIB’s Board Charter, Mr. Hisham Ezz Al Arab, the Bank’s Chairman and Managing Director, will assume his responsibilities as per the mandated authorities by the Board unit until further notice. Full Article
Commercial International Bank Egypt SAE Acquires 38% of Al Arafa for Investment and Consultancies SAE Subsidiary
Al Arafa for Investment and Consultancies SAE announced that it has signed the final agreement with Commercial International Bank Egypt SAE (CIB), in which CIB will acquire a 38% stake in Concrete for Ready-Made Garments SAE, a subsidiary of Al Arafa for Investment and Consultancies SAE, at a total price of EGP 150 million. Al Arafa for Investment and Consultancies SAE will remain the major shareholder of Concrete with 52% stake. Full Article
UPDATE 1-Egypt CIB's fourth-quarter net profit rises 7 pct
CAIRO, Feb 19 - Commercial International Bank , Egypt's biggest listed bank, said on Tuesday fourth-quarter net income rose 7 percent year-on-year to 588 million Egyptian pounds ($87.4 million).
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