Arab Moltaqa greenlights capital increase

Updated 5/14/2024 8:28:00 AM
Arab Moltaqa greenlights capital increase

Arab Finance: Arab Moltaqa Investments Co’s (AMIC) ordinary and extraordinary general meetings have approved raising the company's issued capital by EGP 50.571 million distributed over 50.571 million bonus shares at a par value of EGP 1 per share, as per a filing.

Thus, the capital shall be increased to EGP 510.571 million from EGP 460 million via the distribution of 0.1099-for-1 bonus shares

AMIC is an Egypt-based investment company that invests in a diversified range of economic sectors covering a broad spectrum, including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, pharmaceuticals, healthcare, and tourism.

 

 

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