Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company will hold the ordinary and extraordinary general meetings on 21 April 2016.
Shareholders will consider increasing capital through bonus share distribution after the board recommended distributing 1-for-10 bonus shares, or 15% of capital, for the period ended 31 December 2015.
The extraordinary meeting will look into amending articles no. 3,6, and 7 of the memorandum which are related to the procedures of capital raise.
In 2014, the company approved distributing 1-for-5 bonus shares.
The company earned EGP80.7 million in 2015, compared to EGP74.5 million in 2014, according to its consolidated financial statements.
