FRA nods to capital increase for Nozha International Hospital
Updated 2/21/2022 3:37:02 PM
ArabFinance: The Financial Regulatory Authority (FRA) has approved the publication of the disclosure on the decision of Nozha International Hospital’s (NINH) board of directors to raise the company’s issued and paid-up capital, according to a statement filed to the Egyptian Exchange (EGX).
The board previously agreed upon raising the company’s issued and paid-up capital to EGP 131.83 million from EGP 105.46 million.
The capital increase amounts to EGP 26.36 million distributed over 26.36 million shares at a nominal value of EGP 1 per share.
Accordingly, a 0.25-for-1 bonus share shall be distributed to shareholders.
The capital hike is set to be financed from the company’s retained earnings of EGP 114.86 million as per the financial statements for the period ended December 31st 2021.
Egypt-based Nozha International is a shareholding company operating in the field of healthcare facilities management.
The company manages and operates Al Nozha International Hospital, which provides general health and surgical services in the fields of internal medicine, surgery, obstetrics and gynecology, pediatric, psychiatric, orthopedic, ophthalmology, and physical therapy.
