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listing committee oks listing ELSaeed Contracting’s capital hike shares

listing committee oks listing ELSaeed Contracting’s capital hike shares

 Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on July 17 approved listing the issued capital increase of ELSaeed Contracting & Real Estate Investment Company (SCCD) (UEGC).

The firm will increase the issued and paid capital to EGP 761.9 million from EGP 692.65 million, with an increase amounting to EGP 69.27 million.

The hike will be through issuing 0.09999999985 bonus share for every share. It will be distributed over 62.27 million shares at EGP 1 per share.

Shareholders of record are entitled to the distribution until the end of July 31 session, while approximating fractions for minor shareholders.

The company's shares will be listed after the capital increase on EGX's database with determining a reference price for company shares as of August 1, 2019. 

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