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Sarwa Capital's EGM okays capital hike by distributing 449M shares

Sarwa Capital's EGM okays capital hike by distributing 449M shares

ArabFinance: Sarwa Capital's (SRWA) extraordinary general meeting (EGM) approved increasing issued and paid-up capital from EGP 119.69 billion to EGP 191.5 billion.

It will increase the capital by issuing 448,865,304 free shares - 0.60000011549 free share for every existing one held - at par value of EGP 0.16 per share financed from the profits for the fiscal period ended March 2019. 

Moreover, the EGM approved the amendment of articles 6 and 7 of articles of association.

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