Cairo – Mubasher: Shareholders of Nasr Company for Civil Works gave the green light to capital raise by distributing 1-for-10 bonus shares.
Thus, the company operates with EGP33.257 million distributed over 6.655 million shares at a par value of EGP5 each, Nasr for Civil Works said in a bourse filing.
The top-up is financed from 2015 earnings as per 2015 financial statements and OGM decision on 2 April 2016 at which the board’s proposal to distribute 1-for-10 bonus shares was ratified.
