Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding announced that extraordinary general meeting (EGM) approved increasing the company's paid-in and issued capital, according to a bourse filing on Sunday.
The top-up will be from EGP 440.243 million to EGP 650 million through rights issue, the bourse filing revealed.
The extraordinary meeting ratified separately trading the rights issue away from the original stock.
In the second quarter of 2016, the company earned EGP 4.2 million, compared with EGP 32.5 million a year earlier.
