Porto Group approves capital hike

By: Ahmed Allam

Cairo - Mubasher: The general meeting of Porto Holding has approved on Saturday to increase the company’s capital by EGP 45.59 million, through the distribution of bonus shares at 10%.

During the meeting, it was also decided to transform part of the group capital to global depository receipts (GDRs).

The extraordinary general meeting has approved the board of directors’ recommendation to distribute cash dividends to shareholders, as well as the financial statements of the year 2016.

MUBASHER Contribution Time: 11-Mar-2017 22:12 (GMT)
MUBASHER Last Update Time: 11-Mar-2017 22:12 (GMT)