Cairo – Mubasher: Abu Qir Fertilizers’ board approved on Sunday a capital increase through distributing 0.5 bonus share for each ordinary share, according to the company’s statement to the Egyptian Exchange (EGX).
The board also decided to postpone a stock split and assigned NCB Capital to conduct a study regarding the shares increase.
Abu Qir Fertilizers’ foreign currency gains amounted to EGP 732 million during the first quarter of the current fiscal year.
The company’s capital amounts to EGP 1.2 billion, distributed on 84.12 million share with a par value of EGP 15 per share.
