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EGX oks listing ICON’s capital hike shares

EGX oks listing ICON’s capital hike shares

Arab Finance: Egyptian Stock Exchange's (EGX) Listing Committee held on August 27 approved listing the issued capital increase shares of Engineering Industries (ICON) (ENGC).

The firm will increase the issued and paid-up capital to EGP 485 million from EGP 424 million, with an increase amounting to EGP 60.89 million.

The capital hike will be distributed over 15.22 million shares at EGP 4 per share.

The company shares will be listed after the capital increase on EGX's database with determining a reference price for company shares as of September 2, 2019. 

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