Cairo – Mubasher: Mohandes Insurance said it submitted a disclosure report to the Egyptian Exchange in order to raise its issued capital by EGP 10 million through distributing bonus shares.
The insurer said it will finance the capital hike through the general reserves according to the budget of the fiscal year ended 30 June 2015.
The listed company saw a decline of 15.25% to EGP 7.47 million in net profits for the first quarter of the fiscal year 2016 – 2017.
