Arab Moltaqa Investments greenlights capital increase via bonus shares issuance

Updated 3/21/2023 11:33:00 AM
Arab Moltaqa Investments greenlights capital increase via bonus shares issuance

Arab Finance: Arab Moltaqa Investments Company’s (AMIC) ordinary general meeting (OGM) has approved increasing the company’s issued and paid-up capital through the issuance of bonus shares, according to a statement sent to the EGX on March 21st. 

Accordingly, the issued and paid-up capital will be increased by EGP 100 million, to be distributed over 100 million shares at a par value of EGP 1 per share.

The company’s capital will be raised from EGP 360 million to EGP 460 million through the distribution of 0.2777-for-1 bonus shares.

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