Egyptians for Investment approves capital hike
Updated 12/24/2020 3:24:00 PM
ArabFinance: Egyptians for Investment and Urban Development will increase the issued and paid-up capital to EGP 50 million, according to official disclosure.
During their December 22nd ordinary general meeting, the shareholders approved raising the capital by EGP 10 million to be distributed on 10 million shares at a par value of EGP 1 each.
The company will distribute to the shareholders one share bonus for each four held.
The board members agreed last November to add EGP 10 million to the EGP 40 million capital.
