The company will issue two shares for each one held at a par value of EGP 5 per each. The increase will be allocated to existing shareholders according to their quota in the company's capital.
The increase will be paid in cash as well as issuance outlays of EGP 0.125 per share.
In the first nine months of the fiscal year 2019/2020, the company posted net profit reached EGP 38,278,286, a 21% increase from EGP 2,704,398 achieved in the prior-year period.
Nile Cotton, a subsidiary of Holding Company for International Trade and Cotton, is an Egypt-based public shareholding company that operates in the cotton and textiles sector. The unit is primarily engaged in cotton ginning, trading, and exporting.