Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of Misr Hotels Company by issuing 39.6 million shares at a par value of EGP 5 per share, the company stated on December 20th.

The issued and paid-up capital will increase from EGP 198 million to EGP 396 million.

A 1-for-1 bonus share will be distributed, with eligibility to shareholders until December 20^th’s trading session.

Moreover, the firm’s authorized capital will be raised to EGP 400 million from EGP 250 million.

The company’s shares after capital increase are set to be listed on the EGX’s database as of December 21st.

Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.

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