MB Engineering nods to capital hike via bonus shares distribution

Updated 5/15/2024 8:41:00 AM
MB Engineering nods to capital hike via bonus shares distribution

Arab Finance: MB Engineering’s (MBEN) ordinary and extraordinary general meetings (OGM and EGM) have approved increasing the issued capital by EGP 45 million distributed over 90.001 million bonus shares at a nominal value of EGP 0.5 per share, as per a filing.

Hence, the capital shall be raised to EGP 101.272 million from EGP 56.272 million via the distribution of 0.799-for-1 bonus shares.

Established in 1990, MB Engineering is a public company that operates within the capital goods sector focusing on Construction and Engineering.

Related News