Arab Finance: The Egyptian Exchange’s (EGX) listing committee has authorized listing an increase of EGP 50.571 million for Arab Moltaqa Investments Co’s (AMIC) issued and paid-up capital, according to a disclosure on May 29^th.

Accordingly, the capital will be raised from EGP 460 million to EGP 510.571 million after the issuance of 50.571 million shares, equivalent to 0.1099-for-1 bonus shares, at a nominal value of EGP 1 per share.

Hence, the company will distribute the 0.1099-for-1 bonus shares, with eligibility to shareholders until a record date of May 29th.

The company's capital after the increase will be listed on the EGX's database on May 30^th.

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