Arab Finance: Alexandria New Medical Center’s (AMES) ordinary and extra-ordinary general assemblies were held on March 21.
OGM approved issued and paid capital hike from LE48.40 million to LE53.24 million, with increase amounting to LE4.84 million, through free stocks.
Capital hike will be distributed over 605,000 shares at nominal value of LE8 per share, according to the authorized capital, funded from shareholders’ stake according to net profits of 2015.
Moreover, OGM ratified distribution of LE4.840 million over shareholders through 1 free stock for every existing 10 held.
It is worth mentioning, EGM agreed to amend article number 6 and 7 from article of incorporation according to capital hike.
Source: EGX & Arab Finance editor