Nozha International Hospital’s board nods to capital increase
Updated 2/8/2022 9:31:15 AM
ArabFinance: Nozha International Hospital (NINH) announced that its board of directors has approved raising the company’s issued and paid-up capital to EGP 131.83 million from EGP 105.46 million, according to a statement filed to the Egyptian Exchange (EGX).
The capital increase amounts to EGP 26.36 million distributed over 26.36 million shares at a nominal value of EGP 1 per share.
Accordingly, a 0.25-for-1 bonus share shall be distributed to shareholders.
The capital hike is set to be financed from the company’s retained earnings of EGP 114.86 million as per the financial statements for the period ended December 31st 2021.
Egypt-based Nozha International is a shareholding company operating in the field of healthcare facilities management.
The company manages and operates Al Nozha International Hospital, which provides general health and surgical services in the fields of internal medicine, surgery, obstetrics and gynecology, pediatric, psychiatric, orthopedic, ophthalmology, and physical therapy.
