Cairo - Mubasher: The Egyptian Exchange (EGX) announced it received a disclosure report from the International Tourism Projects (Americana) regarding raising the company’s capital to EGP 400 million.
The company seeks to raise its capital from EGP 291.6 million to EGP 400 million, up by EGP 108.4 million.
The capital hike will be effected through the issuance of 108.4 million bonus shares at EGP 1 par value each.
Americana’s net profits declined to EGP 65 million in the first half of 2015, compared with EGP 122.8 million for the similar period of the previous year.
