Arab Finance: The extraordinary general meeting (EGM) of Speed Medical Company (SPMD) has approved increasing its issued and paid-up capital from EGP 221.83 million to EGP 332.74 million, the company stated on March 23rd.
The issued and paid-up capital will be raised by EGP 110.914 million distributed over 554.57 million shares, equivalent to 1-for-2 bonus shares, at a par value of EGP 0.2 per share.