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Arab Moltaqa Investment shareholders ratify capital hike

Arab Moltaqa Investment shareholders ratify capital hike

ArabFinance: Arab Moltaqa Investment Company (AMIA) declared in a statement sent to EGX, the ordinary and extraordinary general assemblies meetings were held on March 28.

The OGM approved the financial results for the fiscal period ending December 31, 2018, as well as the stock dividends to shareholders of EGP 12,371,169 as a first tranche and EGP 40,205,451 for the second tranche. 

The EGM ratified issued and paid capital hike from LE247423,380 to LE300,000,000 with increase amounting to LE52,576,620. The capital hike will be distributed over 5,257,662 with the par value of LE10 per share (by 0.21249657 free stock for every existing one held). It will also review amending article No. 6 & of articles of association. 

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