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CAIRO, Sept 4 (Reuters) - The board of Egypt's top cigarette maker Eastern Company approved a capital hike of 750 million Egyptian pounds ($84 million) on Sunday through the distribution of one free share per existing original share.
This would bring the company's issued capital to 1.5 billion Egyptian pounds from 750 million and its authorised capital up to 3 billion from 1.5 billion, it said in a statement to the Cairo stock exchange.
($1 = 8.8799 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by Mark Potter) ((ahmed.aboulenein@thomsonreuters.com; +20 2 2394 8097; Reuters Messaging: ahmed.aboulenein.thomsonreuters.com@reuters.net))
This would bring the company's issued capital to 1.5 billion Egyptian pounds from 750 million and its authorised capital up to 3 billion from 1.5 billion, it said in a statement to the Cairo stock exchange.
($1 = 8.8799 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Ahmed Aboulenein; Editing by Mark Potter) ((ahmed.aboulenein@thomsonreuters.com; +20 2 2394 8097; Reuters Messaging: ahmed.aboulenein.thomsonreuters.com@reuters.net))
