Cairo – Egypt’s Financial Regulatory Authority (FRA) approved increasing the capital of CI Capital Holding to EGP 800 million from EGP 544.18 million.
The capital raise will be made through distributing 0.47 bonus share for every share held, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.
Previously, shareholders of CI Capital Holding approved increasing the company’s capital by EGP 255.8 million through issuing 255.8 million shares to be financed from the bonus reserve as of financial statements of 2018.
During the first half of 2019, CI Capital Holding logged a net profit of EGP 235.24 million, compared to EGP 169.67 million in H1-18
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