Arab Development and Real Estate Investment (ADRI) will distribute 0.1-for-1 bonus shares as of February 6th, with eligibility in distribution for shareholders until record date of February 5th, according to a statement filed to EGX on January18th .

The company’s OGM and EGM previously approved to increase the issued capital from EGP 29.574 million to EGP 32.532 million.

The increase is estimated at EGP 2.957 million and will be funded from retained earnings and profits based on the financial statements for the period ended in December 31st, 2020.

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