Mohandes Insurance shareholders nod for capital top-up

Cairo – Mubasher: Mohandes Insurance said Thursday that its shareholders approved hiking the company's capital through 0.10-for-1 bonus share distributions, according to a bourse filing.

The top-up will be from EGP 100 million to EGP 110, financed through the reserves registered in the approved FY14/15 balance sheet.

On Wednesday, the stock quote was placed at EGP 19.35 with a 2.22% slide.  

Mubasher Contribution Time: 20-Oct-2016 09:38 (GMT)
Mubasher Last Update Time: 20-Oct-2016 09:38 (GMT)