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Samcrete Misr to raise capital by EGP 85M

Samcrete Misr to raise capital by EGP 85M

ArabFinance: Samcrete Misr submitted documents to list the shares of an EGP 85 million capital increase, according to a November 26th Egyptian Exchange (EGX) statement.

The company will raise its issued capital to EGP 234.73 million from EGP 149.73 million, the EGX added.

The capital hike will be carried out by listing 369.56 million shares at a par value of EGP 0.23 each.

Samcrete Misr earlier reported a 79% Year on Year decline in its standalone net profit in 2019.

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