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Egyptians Abroad Co submits capital hike documents to EGX

Egyptians Abroad Co submits capital hike documents to EGX

ArabFinance: The EGX administration announced Monday that Egyptians Abroad Co. for Investment and Development (ABRD) has submitted its issued and paid-up capital hike documents.

The firm wish to increase the issued and paid capital to EGP 124.4 million from EGP 113.08 million, with an increase amounting to EGP 11.3 million.

The capital increase will be distributed over 4.5 million shares at EGP 2.5 per share, to be financed from FY 2018 profits distribution.

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