Egypt - The Egyptian Exchange's (EGX) listing committee approved listing the Nozha International Hospital (NIH) (NINH) 2,812,500 shares of issued and paid-up capital increase, according to the EGX's June 4th disclosure.

The company will increase the capital from EGP 67,500,000 to EGP 84,375,000, with an increase amounting to EGP 16,875,000.

NIH will distribute 0.25 free share for each one held at par value of EGP 6 per share, according to financial results of 2019.

The EGX said the shareholders recorded on June 21st are entitled to share dividends that will be traded on June 22nd.

The company posted a net profit reached EGP 14.526 million in Q1 2020, a 7% rise from EGP 13.558 million achieved in Q1 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 gynecology, pediatric, psychiatric, orthopedic, ophthalmology, and physical therapy.

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