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.