KIMA proposes capital increase to EGP 2bn

Cairo – Mubasher: The board of Egyptian Chemical Industries (KIMA) recommended an increase in issued capital by EGP 65.3 million to EGP 2.03 billion from EGP 1.9 billion.

This amount will be distributed over 13 million shares at a par value of EGP 5 each.

The board also agreed on raising the authorised capital to EGP 3 billion from EGP 2 billion.

Mubasher Contribution Time: 28-Feb-2016 12:17 (GMT)