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Aug 1: Egyptians Abroad free stocks last date

Aug 1: Egyptians Abroad free stocks last date

ArabFinance: Egyptians Abroad Co. for Investment and Development (ABRD) decided to increase issued capital from LE100,517,500 to LE113,082,187, with the increase amounting to LE12,564,687, financed from delayed profits and profits of the year.

The capital hike will be distributed over 5,025,875 shares at the par value worth LE2.5 per share.

The capital increase will be through the distribution 1 free stock for every existing 8 held before increasing capital to the shareholders as of record on Wednesday, August 1, 2018, and will be distributed on Thursday, August 2, 2018.
 

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