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Madinet Nasr Housing submits capital hike documents to EGX

Madinet Nasr Housing submits capital hike documents to EGX

ArabFinance: Madinet Nasr Housing and Development (MNHD) submitted its issued and paid capital hike documents to the Egyptian Exchange (EGX), as per a Monday bourse filing.

The company wish to increase issued and paid capital to EGP 1.44 billion from EGP 1.2 billion, with an increase amounting to EGP 240 million.

The capital hike will be distributed over 240 million shares at EGP 1 per share, to be financed from FY 2018 profits and deferred earnings.

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