Cairo – Mubasher: Mohandes Insurance said its board of directors approved raising the issued capital by EGP 10 million distributed across 1 million shares at EGP 10 par value each.
The capital hike will be effected through bonus shares distribution of 0.1 to 1 and would be finance through the general reserves.
The company’s unaudited profits for FY15/16 reflected an increase of 63.9% reaching EGP 64.1 million up from EGP 39.1 million a year earlier.
