Arab Finance: The Egyptian Exchange's (EGX) Listing Committee approved raising the issued and paid-up capital of MM Group for Industry and International Trade (MTI) to EGP 1.405 billion from EGP 1.171 billion, as per a disclosure.
The EGP 234.146 million capital increase will be implemented through the issuance of 377.655 million shares at a par value of EGP 0.62 per share, equivalent to 0.2 bonus shares for each original share before the increase.
The increase will be funded from shareholders’ share of the profits reflected in the company’s financial statements for the year ended December 31, 2025, marking the company’s 17th issuance.
The right to receive the bonus shares will be granted to shareholders who purchase the stock until the end of the trading session on Wednesday, August 12, 2026.
Following the distribution, the company’s shares will be listed on the EGX database at an adjusted reference price, effective from the start of the trading session on Thursday, August 13, 2026.
