Mohandes Insurance's EGM nods to capital hike

Updated 1/18/2024 10:15:00 AM
Mohandes Insurance's EGM nods to capital hike

Arab Finance: Mohandes Insurance's (MOIN) extraordinary general meeting (EGM) has approved raising the company's issued capital to EGP 350 million from EGP 300 million via the distribution of 0.1666-for-1 bonus shares, the company stated on January 18th.

The capital will be increased by EGP 50 million at a nominal value of EGP 2.5 per share.

Mohandes Insurance is an Egypt-based company that offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio fall into two main insurance segments, namely individual insurance and property insurance.

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