ArabFinance: The extraordinary general meeting (EGM) of Mansourah Poultry (MPCO) has approved to raise the company’s issued capital to EGP 97.44 million from EGP 81.203 million, according to a statement filed to the Egyptian Exchange (EGX).

The capital increase will be financed from 2020 earnings as 1-for-5 bonus shares, the statement added.

Accordingly, Articles 6 and 7 of the company’s Articles of Association will be amended.

Moreover, the EGM agreed on the amendment of Articles 46 and 48 of Articles of Association.

Mansoura Poultry is an Egypt-based public shareholding company specialized in poultry farming and its related activities. The firm produces poultry products for breeding purposes for the production of hatching eggs and day-old chicks.