Al Shams Housing to distribute bonus shares as of July 21st
Updated 7/4/2022 9:40:00 AM
ArabFinance: Al Shams Housing and Urbanization (ELSH) has announced the dates for the distribution of 0.25-for-1 bonus share at a nominal value of EGP 1 per share, which will start as of July 21st for shareholders until the record date of July 20th, according to a filing to the Egyptian Exchange (EGX) on Monday.
Al Shams Housing’s board of directors agreed on December 22nd to raise the company’s issued and paid-up capital to EGP 226.875 million from EGP 181.5 million.
The capital increase of EGP 45.375 million is distributed on 45.375 million shares.
It is worth noting that Al Shams Housing reported a 64.63% year-on-year (YoY) decline in net profit after tax during the first quarter (Q1) of 2022, registering EGP 17.424 million.
Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.
