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FRA approves Delta Insurance capital hike

FRA approves Delta Insurance capital hike

ArabFinance: The Financial Regulatory Authority (FRA) approved on September 3 publishing Delta Insurance’s (DEIN) disclosure report to conduct procedures of authorized capital hike according to the article No. 48 provision of EGX listing rules.

As per the company’s board resolution August 7, the Company will increase the authorized capital from EGP 120 million to EGP 250 million, by EGP 130 million, through issuing 32.5 million shares at EGP 4 per share.

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