Arab Finance: Arab Development and Real Estate Investment (ADRI) has submitted the documents for listing shares of the company's issued capital increase, according to a statement filed to the Egyptian Exchange (EGX).

Accordingly, the issued capital shall increase by EGP 2.957 million to EGP 32.532 million from EGP 29.574 million distributed over 5.914 million shares at a nominal value of EGP 0.5 per share.  The increase is funded by the shareholders' stake in the retained earnings and 2020 profits.

It is noteworthy that the documents submitted by the company are being examined and studied to be presented to the Listing Committee.