ArabFinance: Sidi Kerir Petrochemicals Company’ (Sidpec) (SKPC) will distribute 0.2-for-1 bonus shares as of February 23rd, according to a statement filed to the EGX on February 7th.

The eligibility in distribution will be for shareholders on a record date of February 22^nd.

This comes as per the decisions of the ordinary general meetings (OGM) dated March 20^th 2022 and the extraordinary general meeting (EGM) dated November 22^nd 2022 on raising the company’s issued and paid-up capital by EGP 252 million distributed over 126 million bonus shares at a nominal value of EGP 2 per share.

Accordingly, the company’s issued and paid-up capital shall increase to EGP 1.512 billion.

Established in 1997 and listed on EGX in 2005, Sidpec operates within the materials sector focusing on commodity chemicals. It has subsidiaries operating across Egypt, working on textiles and oil and gas refining.

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