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Integrated Engineering oks capital hike, par value split

Integrated Engineering oks capital hike, par value split

ArabFinance: Integrated Engineering Group’s (INEG) board approved taking the necessary procedures to increase the firm’s issued and paid-up capital, as per a bourse filing .

The company will increase its capital from EGP 12 million to EGP 15 million, with an increase amounting to EGP 3 million.

The increase will be distributed over 15 million shares at par value of EGP 0.20 per share, through distributing 0.25 share for every original share.

Moreover, the company’s board ratified stock par value split to EGP 0.10, down from EGP 0.20.

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