Cairo – Mubasher: Cairo Development and Investment Co. said it would hold extraordinary general meeting on 10 February, to discuss raising the company’s issued capital from EGP 50 million to EGP 100 million.
Earlier, the company’s board gave a nod to increase the company’s capital through a right issue, where the company will offer 25 million shares for subscription and shareholders are entitled to subscribe to one share per each owned one share at par value EGP 2 each.
The shareholders meeting will also discuss trading the company’s right issue either dependent or independent.
The firm is currently capitalized at EGP 50 million distributed across 25 million shares at EGP 2 par value each.
