Latest news with #ExportDevelopmentBankofEgypt
Zawya
24-04-2025
- Business
- Zawya
Egypt: EBank's board greenlights capital raise to $266mln
Egypt - Export Development Bank of Egypt's (EBank) board approved increasing the issued and paid-up capital to EGP 13.60 billion from EGP 9.89 billion, as per a bourse disclosure. The bank will increase its capital by EGP 3.703 billion through the distribution of a stock dividend of 0.374:1 shares. EBank recorded net profits attributable to the shareholders valued at EGP 5.203 billion in 2024, an annual surge of 54.15% from EGP 3.375 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-04-2025
- Business
- Zawya
EBank inks deal for new headquarters in Arkan Palm's 205 Development
Egypt - The Export Development Bank of Egypt (EBank) has signed a contract with Arkan Palm to build a new headquarters inside the 205 Project in Sheikh Zayed City, as per an emailed press release. The new headquarters will be located in the project's banks district, and is expected to be delivered within two years. This step comes as the bank continues to grow in both its services and geographic presence. The expansion reflects the bank's vision to offer a modern, fully integrated banking experience that keeps up with new technology and meets the needs of customers in different sectors. Being developed on an area of 205 acres in Sheikh Zayed City through a partnership between the New Urban Communities Authority (NUCA) and Arkan Palm, Project 205 is a mixed-use development including residential, commercial, administrative, hotel, and entertainment spaces. The project will also feature three hotels managed by the international IHG Group and will include the tallest towers in Sheikh Zayed and West Cairo, each standing 135 meters tall with 40 floors. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
