Cairo - Mubasher: The Listing Committee of the Egyptian Exchange (EGX) approved listing the increase of Giza General Contracting Company's issued and paid-up capital by EGP 144.27 million.
The company is raising the capital to EGP 432.81 million from EGP 288.54 million through bonus shares.
The capital increase process will be funded from 2024’s profits and retained earnings, according to a bourse statement.
Meanwhile, the hike transaction will be implemented through the issuance of 721.35 million free shares at a nominal value of EGP 0.20 per share.
It is worth noting that the bonus shares will be distributed to the shareholders as approximately 0.50 bonus share for every existing share.
It is worth noting that in March 2026, Giza Contracting’s stock entered a secondary downtrend.
