Cairo – Mubasher: Egypt’s cigarette maker Eastern Company (Eastern Tobacco) said it sent a disclosure report to the Egyptian Exchange in order to list its post – capital increase shares.
Eastern Tobacco raised its issued capital from EGP 750 million to EGP 1.5 billion.
The new capital is distributed across 50 million shares at EGP 15 par value each and will be financed from the company’s legal reserves.
Moreover, the company raised its authorized capital from EGP 1.5 billion to EGP 3 billion.
