EGX nods to listing Delta Insurance’s capital hike
Updated 3/9/2022 3:39:03 PM
ArabFinance: The Listing Committee at the Egyptian Exchange (EGX) has approved to list the increase in issued and paid-up capital for Delta Insurance (DEIN), according to a statement.
The company’s ordinary general meeting (OGM) previously endorsed raising the issued and paid-up capital to EGP 350 million from EGP 126 million by EGP 224 million distributed over 56 million bonus shares at a nominal value of EGP 4 per share.
Accordingly, the company will distribute 1.7777-for-1 bonus shares as of March 24th, with the eligibility in distribution to shareholders until the trading session dated March 23rd.
Moreover, the company’s shares after the capital increase will be registered on the EGX’s database as of Thursday, March 24th.
Delta Insurance is engaged in the provision of life and non-life insurance and reinsurance services.
The company offers its services through two main segments: Corporate Solution Plans, Individual Protection Plans, and Aman El Safar Plan.
