ArabFinance: The extraordinary general meeting (EGM) of Arab Engineering Industries (EEII) has agreed upon raising the company’s issued and paid-up capital by EGP 20.82 million, representing 55.52 million shares at a par value of 37.5 piasters per share, according to a statement filed to the Egyptian Exchange (EGX) on April 26th.

The capital is set to increase to EGP 83.29 million from EGP 62.46 million.

Accordingly, the company shall distribute 1-for-3 bonus shares to shareholders.

Moreover, the EGM approved the amendments to Articles 6 and 7 of the company’s Articles of Association.

Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.

ICON’s EGM approves capital hike to LE 142.560 m Updated 4/26/2016 10:26:30 AM

Today: ICON’s EGM to discuss capital increase Updated 4/24/2016 8:58:34 AM

March 26: Cairo Pharmaceuticals to approve budget of FY16/17 Updated 3/9/2016 4:09:04 PM

March 26: Alexandria Pharmaceuticals to nod budget of FY16/17 Updated 3/9/2016 4:02:44 PM

March 20: Mobinil EGM to ratify changing to Orange Updated 3/9/2016 11:00:33 AM