Cairo – Mubasher: The Egyptian Exchange (EGX) said Monday that it is currently considering the documents submitted by Amer Group Holding Company to raise its capital via distributing 1-for-10 bonus shares.
The bourse said that the capital will be increased by EGP 91.1 million to EGP 1.033 billion from EGP 911.9 million, according to a bourse filing.
The raise is distributed across 455.9 million shares with a nominal value of 20 piasters.
The capital hike will be financed through retained profits.
