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Ataqa board ratifies capital hike to LE300 m

Ataqa board ratifies capital hike to LE300 m

ArabFinance: Misr National Steel - Ataqa - (ATQA) Board of Directors (BoD) has approved the issued and paid capital disclosure report to be increased to LE300 million from LE150 million distributed over 30 million with a par value at LE5 per share. 

The Company said in a statement sent to Egyptian Stock Exchange (EGX), the capital increase will be through free stocks by one free stock for every underlying one. 

Moreover, the BoD approved amending articles No. 6 and 7 of the Articles of Association. 

It is worth to mention, the general assembly of Ataqa approved on March 29, 2018, stock dividends to shareholders for the fiscal year ending December 2017 by one free stock for every underlying one.

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04 Oct 2021
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