Arab Finance: The Listing Committee held on 27/09/2016 has approved Cairo Educational Services (CAED) to publish disclosure report to conduct procedures of calling general assembly to be convened.
General assembly will review issued capital hike from LE24 million to LE48 million, with increase amounting to LE24 million.
Capital hike will be through distribution of one free stock for every existing one held.
Capital hike will be funded from delayed profits.
EGX added the company is committed to convene OGM and EGM within a month from disclosure report announcement.
Source: EGX & Arab Finance editor