Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 36 million for Egyptians for Housing and Development Company's (EHDR) issued and paid-up capital, according to a filing on May 15th.
Hence, the capital shall be increased from EGP 300 million to EGP 336 million after the issuance of 360 million shares, equivalent to 0.27-for-1 bonus share, at a nominal value of EGP 10 per share.
The company's capital after the increase will be listed on the EGX's database on May 20th.