Arab Finance: Integrated Engineering Group’s (INEG) board of directors approved increasing the company’s authorized capital to EGP 100 million from EGP 30 million, according to a filing to the Egyptian Exchange (EGX) on Tuesday.

The board also approved increasing the issued and paid-up capital to EGP 29 million from EGP 15 million through the issuance of 140 million bonus shares at a nominal value of EGP 0.1 per share and an issuance expense of EGP 0.25.

Integrated Engineering Group is an Egypt-based public company listed on the EGX in 2014. The company operates within the capital goods sector focusing on construction and engineering.