Cairo - Mubasher: The Egyptian Exchange (EGX) said that Naeem Holding has filed the documents for increasing its capital from $198.7 million to $218.59 million through the issuance of bonus shares.
EGX said in a statement on Monday that the documents are being examined before the final review by the listing committee.
Last week, the company’s board of directors (BOD) has agreed on a proposal to raise the capital through the distribution of 10% bonus shares, at 1 shares for each 10 ordinary shares.
