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September 8: Sarwa Capital to discuss capital hike, bonus shares

September 8: Sarwa Capital to discuss capital hike, bonus shares

ArabFinance: Sarwa Capital Holding for Financial Investments (SRWA) Board of directors invited the shareholders of the company to an extraordinary general meeting (EGM) on September 8, as per a Thursday bourse filing.

The assembly is set to discuss the proposal of transferring a part of the retained earnings to the capital through issuing 3:1 bonus shares.

The EGM will also approve increasing the company’s issued and paid-up capital from EGP 119.69 billion to EGP 191.5 billion.

Moreover, the meeting will tackle the amendment of articles 6 and 7 of articles of association.

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