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EGX's listing committee oks listing Al Tawfeek Leasing capital hike shares

EGX's listing committee oks listing Al Tawfeek Leasing capital hike shares

Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on July 10 approved listing the issued capital increase of Al Tawfeek Leasing Company - A.T.LEASE (ATLC).

The firm will increase the issued and paid capital to EGP 234.4 million from EGP 200 million, with an increase amounting to EGP 34.4 million.

The hike will be through issuing 0.1720 bonus share for every one share. It will be distributed over 13.76 million shares at EGP 2.5 per share.

Shareholders of record are entitled to the distribution until the end of August 7 session.

The company's 93.76 million shares will be listed after the capital increase on EGX's database with determining a reference price for company shares as of August 8, 2019.

 

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