Arab Finance: The Egyptian Exchange’s (EGX) listing committee has authorized listing an increase of EGP 231.111 million for e-finance for Digital and Financial Investments’ (EFIH) issued and paid-up capital, according to a disclosure on July 10th.
Accordingly, the capital will be raised from EGP 924.444 million to EGP 1.156 billion after the issuance of 462.222 million shares, equivalent to 0.2499-for-1 bonus shares, at a nominal value of EGP 0.50 per share.
Hence, the company will distribute the 0.2499-for-1 bonus shares, with eligibility to shareholders until a record date of July 10th.
The company's capital after the increase will be listed on the EGX's database on July 14th.