ArabFinance: First Realtors for Investment and Real Estate will increase its issued capital to EGP 6.875 million from EGP 5.5 million, according to the company's March 16th statement filed to the Egyptian Exchange.
The company will distribute 1.375 million shares, representing 0.25 free share for every one held.
Earlier, the company stated that it has accomplished 80% of Al Ezz Towers Asyut's construction works.
The company reported a net profit of EGP 20,781 in Quarter one (Q1) of 2020, a 74% increase from EGP 11,930 posted in Q1 2019.
Established in 2008, First Realtors operates within the real estate sector focusing on diversified real estate activities.