Cairo – Mubasher: Madinet Nasr Housing and Development’s board has proposed distributing bonus shares in ratio of 0.15:1 for 2017.
The board suggested raising issued capital to EGP 1.15 billion from EGP 1.15 billion by distributing bonus shares for 2017, the real estate firm highlighted in a filing to the Egyptian Exchange (EGX) on Monday.
The EGX-listed firm also posted a net profit of EGP 943.4 million last year, versus EGP 738.7 million in 2016.
Madinet Nasr Housing’s capital amounts to EGP 997.1 million distributed over 997.1 million shares at a par value of EGP 1 per share.
