Cairo – Mubasher: Naeem Holding said Sunday that its board of directors has agreed on a proposal to raise the capital from $198.7 million to $218.59 million via distributing 0.10 bonus share for each ordinary share.
The board will invite shareholders for ordinary and extraordinary general meetings to discuss the proposal, in addition to amending articles number 6 and 7 of the statute, according to a statement to the bourse.
The stock rose last Thursday by 4% to $0.52.
