Arab Finance: Ismailia National Food Industries’ (Foodico) extraordinary general meeting (EGM) has approved increasing its issued and paid-up capital through the issuance of bonus shares, the firm stated on March 22nd.
Accordingly, the issued and paid-up capital will be increased to EGP 63.25 million from EGP 57.5 million through the distribution of 1 bonus share for every 10 shares.