FRA nods Ataqa to increase its capital by LE300m

Updated 3/12/2019 3:30:00 PM

ArabFinance: Misr National Steel - Ataqa (ATQA) has got the Financial Regulatory Authority (FRA) green light to publish capital hike disclosure, according to article No. 48 of listing rules.

Upon the Board of Director resolution that held on March 03, 2019, the Company will hike the issued and paid capital from EGP 300 million to EGP 600 million with increase amounting to EGP 300 million financed from 2018 profits - one free stock for every existing one held.