Arab Moltaka’s board approves EGP 60M capital growth
Updated 2/22/2022 11:19:55 AM
ArabFinance: Arab Moltaka Investments Company’s (AMIC) board of directors approved a EGP 60 million increase in issued and paid-up capital, according to a statement filed to the Egyptian Exchange (EGX) on Tuesday.
The company’s issued and paid-up capital will be increased to EGP 360 million from EGP 300 million through the issuance of 60 million shares at a value of EGP 1 per share.
AMIC’s board also approved a proposal for the distribution of EGP 164.584 million in dividends.
It is worth noting that AMIC’s consolidated profits excluding minority interest surged to EGP 102.690 million in 2021, from EGP 97.936 million in 2020.
AMIC invests in a diversified range of economic sectors covering a broad spectrum including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, and tourism.
