Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of Canal Shipping Agencies (CSAG) by issuing 100 million shares at a par value of EGP 1 per share, as per a disclosure.

Thus, the issued and paid capital has been increased to EGP 300 million from EGP 200 million.

Accordingly, a 0.5-for-1 bonus will be distributed, with eligibility for shareholders until February 13th’s trading session.

The company’s shares after capital increase are set to be listed on the EGX’s database as of February 14th.

The company carries out the work of the maritime agency (consigner of ship/cargo) as well as the work of tourism, excursions, customs clearance, and cargo handling. The company also handles the works of maritime and road transport inside Egypt and abroad. It owns and leases ships, carriers, floating missions, and all means of transport.

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