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Lift Slab to increase issued capital by EGP 22M

Lift Slab to increase issued capital by EGP 22M

ArabFinance: Egyptian Developing Building Materials’ (Lift Slab) (EDBM) board approved on Monday the issued capital hike, as per a bourse filing.

The issued capital will increase to EGP 56 million, up from EGP 34.7 million, with an EGP 22 million increase, to be distributed over 9 million shares, according to the subscription’s results.

Moreover, the board also approved amending articles (6 and 7) of the articles of association.

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