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Commercial International Bank Egypt SAE (COMI.CA)

COMI.CA on The Egyptian Exchange

70.97EGP
25 May 2019
Change (% chg)

£0.21 (+0.30%)
Prev Close
£70.76
Open
£71.25
Day's High
£71.50
Day's Low
£70.97
Volume
48,384
Avg. Vol
1,204,555
52-wk High
£76.90
52-wk Low
£53.60

Latest Key Developments (Source: Significant Developments)

Commercial International Bank Egypt Establishes Representative Office In Addis Ababa
Thursday, 18 Apr 2019 

April 18 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT SAE ::ESTABLISHES REPRESENTATIVE OFFICE IN ADDIS ABABA, ETHIOPIA.  Full Article

Commercial International Bank Egypt Shareholders Approve Capital Increase
Monday, 11 Mar 2019 

March 11 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::SHAREHOLDERS APPROVE ISSUED AND PAID-UP CAPITAL INCREASE TO EGP 14.69 BILLION FROM EGP 14.59 BILLION.SAYS CAPITAL INCREASE REPRESENTS 10.5 MILLION COMMON STOCKS TO BE RELEASED UNDER EMPLOYEES STOCK OWNERSHIP PLAN.  Full Article

Commercial International Bank Egypt Proposes FY Dividend
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::BOARD PROPOSES EGP 1.45 BILLION AS FY 2018 DIVIDEND.SAYS EGP 1.45 BILLION DIVIDEND BASED ON A DIVIDEND PER SHARE OF EGP 1, AFTER TAKING INTO ACCOUNT THE SUBSEQUENT SHARE DISTRIBUTIONS OF ONE SHARE FOR EVERY FOUR SHARES.  Full Article

Egyptian Exchange Says CIB Applies For Listing Of Capital Increase
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - EGYPTIAN EXCHANGE::SAYS COMMERCIAL INTERNATIONAL BANK EGYPT APPLIES FOR LISTING OF ISSUED CAPITAL INCREASE TO EGP 14.59 BILLION FROM EGP 11.67 BILLION.  Full Article

Egypt's CIB Board Approves Authorised Capital Increase
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::BOARD APPROVES AUTHORISED CAPITAL INCREASE TO EGP 50 BILLION FROM EGP 20 BILLION.  Full Article

Egypt's CIB Updates On Impact Of Proposed Tax Amendment
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::SAYS PROPOSED TAX AMENDMENT WILL NOT HAVE AN EFFECT ON 2018 FINANCIAL RESULTS.SAYS OUR 2019 PROJECTED PROFITS REVEAL DECLINE OF UP TO 5 PERCENT.SAYS DECLINE OF UP TO 5 PERCENT PROFIT IN 2019 DEPENDS ON WHETHER OR NOT LOAN LOSS PROVISIONS WILL BE INCLUDED WITHIN THE TAX TREATMENT.SAYS FEDERATION HAS STRESSED IN ITS RECOMMENDATIONS THAT LOAN LOSS PROVISIONS SHOULD NOT BE INCLUDED WITHIN THE TAX TREATMENT.  Full Article

Commercial International Bank Egypt Updates on Proposed Tax Changes
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT SAE ::SAYS PROPOSED TAX CHANGES WILL APPLY ON NEW TREASURY BILLS AND BONDS WITHOUT TAKING RETROSPECTIVE EFFECT.SAYS TAX RATE ON EARNINGS FROM TREASURY BILLS AND BONDS WILL REMAIN AT 20 PERCENT.  Full Article

Commercial International Bank Q3 Profit Rises
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - COMMERCIAL INTERNATIONAL BANK ::Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 2.59 BILLION VERSUS EGP 2.09 BILLION YEAR AGO.Q3 CONSOL NET INTEREST INCOME EGP 5.46 BILLION VERSUS EGP 3.57 BILLION YEAR AGO.  Full Article

Egypt's Raya Holding To Securitize Part Of Units Receivables Portfolio
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - RAYA HOLDING FOR FINANCIAL INVESTMENT ::SIGNS INITIAL AGREEMENT WITH COMMERCIAL INTERNATIONAL BANK EGYPT (CIB) TO SECURITIZE PART OF RECEIVABLES PORTFOLIO OF THREE SUBSIDIARIES BY ESTABLISHING SPECIAL PURPOSE COMPANY.  Full Article

Egypt's CIB Q2 Profit Rises
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - COMMERCIAL INTERNATIONAL BANK EGYPT ::Q2 CONSOL NET PROFIT AFTER MINORITY INTEREST EGP 2.40 BILLION VERSUS EGP 1.83 BILLION YEAR AGO.Q2 NET INTEREST INCOME EGP 4.59 BILLION VERSUS EGP 2.96 BILLION YEAR AGO .AS OF END-JUNE 2018 CUSTOMER DEPOSITS STAND AT EGP 266.83 BILLION.AS OF END-JUNE 2018 LOANS AND OVERDRAFTS STAND AT EGP 107.08 BILLION.  Full Article

MIDEAST STOCKS-Trade tensions, tanker attacks darken mood in Gulf markets

* Saudi insurers among biggest fallers after weak Q1 results * Abu Dhabi suffers worst day in 3-1/2 years * Dubai in sharpest one-day decline in 3 years * 18 of 20 Qatari stocks slide By Shakeel Ahmad May 13 Dubai and Abu Dhabi stock markets suffered their biggest single-day decline in years on Monday after several commercial ships were attacked off the coast of the United Arab Emirates. Saudi shares had their worst day since mid-October after Riyadh said