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.