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Abyssinia Shareholders Opt to Raise Subscribed Capital to 10b Br

April 1 , 2021

Shareholders at the Bank of Abyssinia have agreed to massively increase the Bank's subscribed capital from the current four billion Br to 10 billion Br during their 12th extraordinary general assembly held earlier today.

The Bank will avail 240 million shares for sale in order to raise the six billion Br. Shares sales are expected to be finalised by the end of June 2023.

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