EGX nods to listing AIH’s capital hike
Updated 7/5/2023 10:40:00 AMEGX nods to listing AIH’s capital hike
Arab Finance: The Egyptian Exchange’s (EGX) listing committee has greenlit listing the EGP 20.235 million issued and paid-up capital hike of Arabia Investments Holding (AIH), EGX stated on July 5th.
Accordingly, the company’s capital will increase to EGP 424.944 million from EGP 404.708 million.
The capital raise will be via the issuance of 67.541 million bonus shares, or 0.045-for-1 bonus share, at a par value of EGP 0.30 per share.
Shareholders of record are eligible to the distribution until the end of July 5th’s trading session.
The company’s shares will be listed after the capital hike on the EGX’s database with determining a reference price for its shares as of July 6th.
It is worthy to mention that AIH reported a 74.53% year-on-year (YoY) decrease in consolidated net profit attributable to the holding company for the first quarter (Q1) of 2023.
AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based company that invests in fields such as power, building materials, automotive, and oil and gas.
The company focuses on diversified development, offering infrastructure, construction, and industrial solutions
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