Proposed Stock Dividend

25 Feb 2008 07:00

Commercial Intnl Bank (Egypt) SAE23 February 2008 Board Meeting for Commercial International Bank (CIB) - Egypt The Board Meeting for Commercial International Bank which was held on Thursday,February 21 has decided that -subject to the General Assembly's approval of thefinancial statements and the proposed appropriation account for the year 2007 inthe General Assembly's meeting scheduled March 17, 2008 - the paid-in capitalwill be raised from 1,950 million Egyptian pounds to 2,925 million Egyptianpounds, to be effected through General Reserves through a stock dividend of onefree share for every two shares. Mohammed El-RazzazHead of Investor RelationsCommercial International Bank (CIB) - EgyptTel : +202 3 747 2543Mob : +2 010 6040 776 This information is provided by RNS The company news service from the London Stock Exchange