Suez Canal Bank (S.A.E) (CASE:CANA) announced that it will issue 70,432,000 shares at a price of EGP 10 per share for gross proceeds of EGP 704,320,000 on March 16, 2021. The issued capital of the company will increase from EGP 2,200,000,000 to EGP 2,900,000,000. The transaction has been approved by the Egyptian Financial Regulatory Authority.