Cairo – Mubasher: Naeem Holding’s extraordinary general meeting (EGM) approved raising the paid-up and issued capital to $218.59 million from $198.722 million through distributing bonus shares.
The EGM nodded to amendments to the articles six and seven of the company’s articles of association, according to a filing to the Egyptian Exchange (EGX).
The company’s ordinary general meeting (OGM) also gave the go-ahead to distribute 28.388 million bonus shares on a 0.10-for-1 basis, with a par value of $0.7 per share.
