Circular dated June 21, 2026, regarding the prohibition of granting credit facilities for financing capital increases or dividend distributions

Cairo on: June 21, 2026 Mr./ Chairman of the Board of Directors Bank Greetings, With reference to Circular dated March 24, 2003, which included "not allowing the granting of short-term credit lines to finance the capital of a company under incorporation or to complete the 25% ratio stipulated by law," as well as Circular dated September 20, 2021, regarding "not granting any credit facilities to customers to finance cash dividend distributions paid to employees or company shareholders, while ensuring that credit granting decisions are linked to specific purposes and are consistent with established banking rules and practices in the field of credit granting," And emphasizing the necessity that credit facilities granted to customers be for the purpose of financing their activities in accordance with credit granting controls, with the aim of tightening control over facilities provided by banks, the Board of Directors of the Central Bank, in its session held on June 17, 2026, decided the following: "Banks must adhere to not granting any credit facilities to customers to finance the following purposes:

• Financing the payment of the capital value of a company under incorporation or the company's capital increase.
• Financing cash dividend distributions and incentive shares." Please be informed and kindly take the necessary measures to implement the aforementioned decision. Please accept our highest respect and appreciation, Tarek El Kholy