Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of Development and Engineering Consultants (TAMEER), the EGX stated on September 20th.

Accordingly, the company shall increase the issued and paid capital by EGP 29.938 million to EGP 329.314 million from EGP 299.376 million.

The capital will be increased by issuing 2.138 million bonus shares, or 0.1305 bonus share for every share, at a nominal value of EGP 14 per share.

Shareholders are eligible to receive stock dividends on a record date of October 4th.

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 5th.

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