Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase for Mohandes Insurance (MOIN), the EGX stated on September 20th.

The company shall increase the issued and paid capital by EGP 65 million to EGP 300 million from EGP 235 million.

The hike will be via issuing 26 million bonus shares, or 0.2766-for-1 bonus shares, at a par value of EGP 2.5 per share.

Eligibility in the stock dividends distribution will be for shareholders until the end of the October 4^th trading session.

The company’s shares will be listed after the capital increase on the EGX's database with determining a reference price for its shares as of October 5^th.