Nozha International Hospital to split stock, increase capital

NIH will increase the issued and paid-in capital

  

ArabFinance: Nozha International Hospital (NIH) said the shareholders that recorded on April 26th are entitled to a 1:6 stock split, according to the company’s April 21st statement filed the Egyptian Exchange.

The company will split its share’s par value to EGP 1 from EGP 6 per each on April 27th.

NIH will increase the issued and paid-in capital to EGP 105.469 million from EGP 84.375 million with an increase of EGP 21.094 million.

The capital increase will be through the distribution of 0.25 free share for everyone held to shareholders recorded on May 5th.

NIH will distribute annual cash dividends of EGP 0.30 per share on April 28th.

The listed healthcare provider reported an 18% Year on Year fall in its net profit in 2020, recording EGP 49.6 million, compared to EGP 60.5 million in 2019.

NIH is an Egypt-based shareholding company engaged in the field of healthcare facilities management. The company manages and operates Al Nozha International Hospital, which provides general health and surgical services in the fields of internal medicine, surgery, obstetrics and gynaecology, pediatric, psychiatric, orthopaedic, ophthalmology, and physical therapy.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities