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Arabia Investment approves capital hike

Arabia Investment approves capital hike

ArabFinance: Arabia Investment Holding’s (AIND) ordinary general meeting (OGM) approved increasing the paid-up and issued capital by EGP 288 million, as per a Monday bourse filing.

The capital hike will be distributed over 961 million shares at EGP 0.30 per share. The capital will be increased from EGP 144 million to EGP 432.5 million. 

The assembly also mandated the company’s board to amend Articles (6 and 7) from articles of association, according to the subscription’s result.

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