Arab Finance: e-finance for Digital and Financial Investments’ (EFIH) ordinary general meeting (OGM) has greenlit increasing its issued and paid-up capital by EGP 231.111 million distributed over 462.222 million bonus shares at a nominal value of EGP 0.50 per share, a statement revealed.
Hence, the capital will be raised to EGP 1.116 billion from EGP 924.444 million via the distribution of 1-for-4 bonus shares.
Founded in 2005, e-finance is the first fintech platform in Egypt and a leading digital payment infrastructure developer.