Kuwait – Mubasher: The extraordinary general meeting of Egyptian Financial and Industrial Company (EFIC) agreed on raising the issued capital to EGP 727.67 million from EGP 693.02 million, with distribution of 72.77 million shares at a par value of EGP 10 per share.
The company also approved increasing the authorised capital to EGP 2 billion from EGP 1 billion, according to a bourse statement issued Monday.
EFIC added that floating 40% of Suez Company for Fertilizer Production on the Egyptian bourse will be discussed the Suez Company’s extraordinary general.
