Arab Finance: The Listing Committee held on Wednesday 13/07/2016 approved listing the issued and paid capital increase of Giza General Contracting (GGCC) from LE 110.238.750 to LE 165.358.125 with increase amounting to LE 55.119.375, through distribution of 55,119,375 free stocks, at nominal value of LE 1 per share.

Capital hike will be funded from profits of 2015 as well as delayed profits.

The capital increase will be through distribution of 0.5 free stock for every existing one held before increasing capital to shareholder as of record on 27/07/2016, and will be distributed on 28/07/2016.

Source: EGX & Finance editor