The Ethiopian Capital Market Authority has officially registered 3,876,031 additional existing shares for Wegagen Bank S.C., supplementing the bank's previously listed securities.
The Ethiopian Capital Market Authority (ECMA) has announced the registration of additional securities for Wegagen Bank S.C. The regulatory approval, confirmed on July 24, 2026, covers 3,876,031 existing shares held by the bank's shareholders.
This registration follows the bank's previous listing of 6,218,635 shares. The move is conducted in accordance with the Capital Market Proclamation No. 1248/2021 and the Public Offer and Trading of Securities Directive No. 1030/2024, which mandate that all securities offered or sold to the public must be registered with the Authority.
The ECMA noted that this announcement serves strictly as a public notification of the registration status of the securities. It does not constitute an endorsement, an offer to sell, or a solicitation to buy securities.
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Wegagen Bank continues to be a notable participant in the evolving Ethiopian capital market landscape. According to Aksion.ET verified data intelligence, Wegagen Bank reported a paid-up capital of 7.03 billion ETB and a net profit of 2.78 billion ETB for the 2025 fiscal year. The bank's shares are currently tradeable on the Ethiopian Securities Exchange (ESX), where the stock (WGBX) recently recorded a live stock price performance of 1510, reflecting a 14.03% increase.
This regulatory action aligns with the broader institutional effort to formalize and increase transparency within Ethiopia's bank sector as more financial institutions move to register their equity under the oversight of the newly established capital market framework. For those looking to understand the broader landscape, our investment guides provide further insights into the growing opportunities within the nation's financial markets.
Source: Ethiopian Capital Market Authority
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