Cairo –  The Egyptian Exchange’s (EGX) listing committee approved the listing of Egypt Kuwait Holding’s (EKH) capital raise shares.

The company’s issued and paid-up capital will be increased by $25.61 million to $281.72 million from $256.1 million, according to a statement on Wednesday.

The capital raise will be distributed over 102.44 million bonus shares at a nominal value of 25 cents apiece through a one-for-10 bonus issue.

During 2020, Egypt Kuwait Holding achieved net profits of $116.296 million, up from $115.601 million a year earlier, including minority shareholders’ rights.

Source: Mubasher

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