Cairo – Mubasher: The extraordinary general meeting EGM of Elsaeed Contracting and Real Estate Investment Company approved yesterday hiking its capital and widening the scope of its activities.
By amending articles no 6 and 7, the extraordinary meeting gave the green light to capital hike from EGP 566.25 million to EGP 651.19 distributed over 651.19 million shares at EGP 1 each.
By modifying article 2, the company’s business activities are expanded into works of construction, foundation, metal construction, finishing operations, water supply network, sewages, oil and gas grids, water desalination, road and bridges, and well drilling.
The company earned EGP 80.7 million in 2015, compared with EGP 74.5 million a year earlier.
