Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company said it submitted a disclosure report to the Egyptian Exchange (EGX) in order to list its post capital increase shares.
Recently, the company raised its capital from EGP 566.25 million to EGP 665.3 million, up by EGP 99.09 million at EGP 1 par value each.
The company financed the capital increase from both the deferred earnings and the reserves.
Elsaeed Contracting reported net profits of EGP 80.7 million for 2015, up from EGP 74.5 million for the same period of the previous year.
