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.

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