e-finance’s OGM nods to capital increase via bonus share distribution

Updated 5/14/2024 2:10:00 PM
e-finance’s OGM nods to capital increase via bonus share distribution

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.

 

Related News