Arab Finance: Misr Chemical Industries Company’s ordinary and extraordinary general meeting (OGM and EGM) have approved raising the issued capital via the distribution of 0.5-for-1 bonus shares, as per a filing.

Thus, the capital shall be raised by EGP 146.25 million distributed over 36.563 million shares at a nominal value of EGP 4 per share.

Accordingly, the capital will be increased from EGP 292.5 million to EGP 438.75 million.

The eligibility in the stock dividend distribution will be for shareholders of record date on July 18th.

Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.

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