EGX nods to listing Misr Cement – Qena’s capital hike
Updated 10/25/2023 9:10:00 AM
Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of EGP 240 million for Misr Cement – Qena (MCQE), the EGX stated on October 25th.
Accordingly, the company shall increase the issued and paid capital to EGP 960 million from EGP 720 million.
The capital will be increased by issuing 24 million bonus shares, or 0.3 bonus shares for every ordinary share, at a nominal value of EGP 10 per share.
Eligibility in the 0.3-for-1 bonus share will be for shareholders until today’s trading session.
The company’s shares after capital increase are set to be listed on the EGX’s database as of October 26th.
Misr Cement – Qena is engaged in the manufacturing and marketing of cement and cement-related products in Egypt and abroad.
The company is involved in the production and distribution of construction materials, as well as dealing in all types of construction supplies and equipment.
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