|18 August, 2019

EGX approves Zahraa Maadi’s capital raise

Zahraa Maadi decided to increase its issued capital

Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved raising the capital of Zahraa Maadi Investment and Development to EGP 132 million from EGP 99 million through bonus shares.

The eligibility of bonus shares shall be for the shareholders registered until the end of trading session on 18 August, the EGX said in a statement on Sunday.

The company’s bonus shares will be listed on the Egyptian bourse as of the beginning of trading session on 19 August, the statement added.

Zahraa Maadi decided to increase its issued capital to EGP 132 million from EGP 99 million through issuing 33 million shares at EGP 1 apiece.

During the first half of 2019, the real estate firm logged a net profit of EGP 58.7 million, up from EGP 56.3 million in the year-ago period.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 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 Markets