The Egyptian Exchange’s (EGX) listing committee has authorized listing an increase of EGP 50.571 million for Arab Moltaqa Investments Co’s (AMIC) issued and paid-up capital.

Arab Moltaqa Investments Co’s (AMIC) ordinary and extraordinary general meetings have approved raising the issued capital by EGP 50.571 million distributed over 50.571 million bonus shares at a par value of EGP 1 per share.

Arab Moltaqa Investments Co reported a 62.84% year-on-year climb in consolidated net profits after tax and attributable to the parent company for 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on February 27th.

Arab Moltaqa Investments Co (AMIC) has acquired an additional stake, representing 24.35 million shares, in Investments Expedition for EGP 25 million.

Arab Moltaqa Investments Company’s (AMIC) ordinary general meeting (OGM) has approved increasing the company’s issued and paid-up capital through the issuance of bonus shares.