EGX’s listing committee oks EGP 43.9M capital increase for Nozha International Hospital
Updated 6/11/2023 10:43:00 AMArab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the EGP 43.943 million increase in the issued and paid-up capital of Nozha International Hospital (NIH), according to a statement filed to the Egyptian Exchange (EGX) on March 28th.
The capital raise will increase from EGP 131.835 million to EGP 175.781 million via the issuance of over 43.945 million bonus shares at a nominal value of EGP 1 per share.
Accordingly, a 0.333-for-1 bonus share will be distributed with eligibility for shareholders until the end of June 11th’s trading session.
It is worth mentioning that Nozha International Hospital reported a 17.1% year-on-year (YoY) increase in net profit after tax during the first quarter (Q1) of 2023, registering EGP 21.112 million, compared to EGP 18.033 million.
Egypt-based Nozha International is a shareholding company operating in the field of healthcare facilities management.
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