Misr Hotels to distribute 1-for-1 bonus shares

Updated 11/6/2023 9:39:00 AM
Misr Hotels to distribute 1-for-1 bonus shares

Arab Finance: Misr Hotels Company has decided to distribute 1-for-1 bonus shares to shareholders, the company stated on November 6th.

Accordingly, the firm’s authorized capital will be raised to EGP 400 million from EGP 250 million.

On the other hand, the issued and paid-up capital will increase from EGP 198 million to EGP 396 million distributed over 79.2 million at a par value of EGP 5 per share.

Misr Hotels is an Egypt-based joint stock company engaged in tourism investment activities.

 

 

 

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