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CI Capital to raise its capital by EGP 256M

CI Capital to raise its capital by EGP 256M

ArabFinance: CI Capital Holding’s (CICH) ordinary general meeting (OGM) approved on September 2 increasing the issued and paid-up capital, as per a bourse filing.

The company will raise its capital from EGP 544 million to EGP 800 million with an increase amounting to EGP 255.8 million.

The increase will be distributed on 255.8 million shares, at a par value of EGP 1 per share, to be financed from a reserve that amounts to EGP 848.5 million.

The shares that will result from the capital hike will be distributed on shareholders by 0.470090909 share for every existing one share held, while approximating fractions for minor shareholders.

Moreover, the OGM agreed on amending Articles (6 and 7) of the articles of association.

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