Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved the listing of an EGP 44.219 million increase in Nozha International Hospital's (NIH) issued and paid-up capital, as per a disclosure on May 15th.
Thus, the capital shall be raised from EGP 175.781 million to EGP 220 million after the issuance of 44.219 million shares, equivalent to 0.025-for-1 bonus share, at a nominal value of EGP 1 per share.
Accordingly, the company will distribute the 0.025-for-1 bonus shares, with eligibility to shareholders until a record date of May 15th.
The company's capital after the increase will be listed on the EGX's database on May 16th.