Arab Finance: e-finance for Digital and Financial Investments’ (EFIH) board has approved increasing its issued and paid-up capital via the distribution of 0.25-for-1 bonus shares, as per a filing on March 27th.
Thus, the capital will be raised to EGP 1.156 billion from EGP 924.444 million.
On February 29th, the firm posted a 56.45% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest during 2023.