Foodico nods to capital increase via bonus shares issuance

Updated 3/22/2023 1:56:00 PM
Foodico nods to capital increase via bonus shares issuance

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.

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