Delta Insurance’s EGM greenlights capital increase via bonus shares distribution

Updated 1/18/2024 9:45:00 AM
Delta Insurance’s EGM greenlights capital increase via bonus shares distribution

Arab Finance: Delta Insurance’s (DEIN) extraordinary general meeting (EGM) has approved raising the company’s issued and paid-up capital via bonus shares issuance, as per a filing on January 18th.

Accordingly, the capital shall increase from EGP 400 million to EGP 475 million by EGP 75 million distributed over 18.750 million shares at a par value of EGP 4 per share.

Delta Insurance is engaged in the provision of life and non-life insurance and reinsurance services.

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