Arab Moltaka to disburse bonus shares in May
Updated 4/27/2022 11:31:00 AM
ArabFinance: Arab Moltaka Investments Company (AMIA) is set to distribute 0.2-for-1 bonus shares in May, according to a filing to the Egyptian Exchange (EGX) on April 27th.
The bonus shares will be distributed as of May 16th, with eligibility for shareholders until the record date of May 15th.
Earlier in April, Arab Moltaka Investments submitted documents to the EGX to list its issued capital increase. The company is set to raise its issued capital to EGP 360 million from EGP 300 million by EGP 60 million distributed over 60 million shares at a nominal value of EGP 1 per share.
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.
