Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the increases in both authorized capital and issued and paid-up capital of EFG Holding, the EGX announced on July 30th.

Accordingly, the company’s authorized capital shall increase from EGP 6 billion to EGP 30 billion

Moreover, the firm’s issued and paid-up capital shall increase from EGP 5.838 billion to EGP 7.298 billion via issuing 291.921 million bonus shares, or 0.25-for-1 bonus shares, at a par value of EGP 5 per share.

Shareholders of record are eligible to the distribution of the bonus shares until the end of the July 30^th trading session.

The company’s shares will be listed after the capital increase on the EGX’s database with determining a reference price for its shares as of July 31st.

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