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August 4: Arabia Investment to review capital hike

August 4: Arabia Investment to review capital hike

ArabFinance: Arabia Investment Holding (AIND) invited the shareholders to attend ordinary general meeting (OGM) to be held on August 4, 2019.

The OGM will review increasing the paid-up and issued capital by EGP 288 million, to be distributed over 961 million shares at EGP 0.30 per share. The capital will be increased from EGP 144 million to EGP 432.5 million. 

Moreover, the meeting will discuss trading the right issue separately from the original stock, in addition to ratifying the capital increase issuance fees.

The assembly will tackle mandating the company’s board to amend Articles (6 and 7) from articles of association, according to the subscription’s result.

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