FRA allows resumption of CIB shares trading on EGX

Egypt’s Financial Regulatory Authority (FRA) has allowed resumption of trading on the Commercial International Bank – Egypt (CIB) shares on the Egyptian Exchange (EGX), starting from Sunday.

The move comes in light of the bank publishing an explanatory statement about the recent changes to its Board of Directors.

The trade on CIB will resume provided that the bank sends the board amendments to the EGX, for publication on trading screens before the start of transactions.

The FRA had requested suspension of CIB shares trading before the start of the Thursday session.