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EGX's listing committee oks listing United Housing’s capital hike shares

EGX's listing committee oks listing United Housing’s capital hike shares

Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on August 21 approved listing the issued capital increase of United Housing & Development’s (UNIT).

The firm will increase the issued and paid capital to EGP 354 million from EGP 283 million, with an increase amounting to EGP 70.8 million.

The hike will be through issuing 0.25 bonus share for every share. It will be distributed over 56.64 million shares at EGP 1.25 per share.

Shareholders of record are entitled to the distribution until the end of September 4 session.

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 September 5. 

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