Mohandes Insurance nods to capital increase via bonus shares issuance

Updated 9/19/2023 10:52:00 AM
Mohandes Insurance nods to capital increase via bonus shares issuance

Arab Finance: Mohandes Insurance's (MOIN) ordinary and extraordinary general meetings have approved raising the company's issued capital to EGP 300 million from EGP 235 million via the distribution of 0.2765-for-1 bonus shares, the company stated on September 19th.

The capital will be increased by EGP 65 million distributed over 26 million bonus shares at a nominal value of EGP 2.5 per share.

Eligibility in distribution will be for the shareholders registered until the trading session of October 4th, while the payment will be on October 5th.

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