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ELSaeed Contracting to increase capital through issuing 1:10 bonus shares

ELSaeed Contracting to increase capital through issuing 1:10 bonus shares

Arab Finance: ELSaeed Contracting & Real Estate Investment Company’s (SCCD) (UEGC) ordinary general meeting (OGM) approved issuing bonus shares to increase the firm’s capital, the company said Tuesday in a statement to EGX.

The company will issue one bonus share for every ten shares, to increase the issued and paid up capital to EGP 761.9 million from EGP 692.65 million.

Moreover, the OGM agreed on amending Articles (6 and 7) from the firm’s articles of association.

 

 

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