Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of the General Company for Silos and Storage (GSSC) of EGP 50 million distributed over 5 million shares, or 0.4-for-1 bonus shares, at a par value of EGP 10 per share, as per a disclosure on November 29th.
Thus, the issued and paid capital has been increased from EGP 125 million to EGP 175 million.
Eligibility in the 0.4-for-1 bonus share will be for shareholders until November 29th’s trading session.
The company’s shares after capital increase are set to be listed on the EGX’s database as of November 30th.