Cairo – Mubasher: Raya Holding for Financial Investment (Raya) on Wednesday said that its ordinary general meeting (OGM) had agreed to distribute 0.7-for-20 basis bonus shares.
The OGM approved the distribution of 88.2 million shares financed by the 2017 retained profits, the company added in a filing to the Egyptian Exchange (EGX).
Moreover, the extraordinary general meeting (EGM) has agreed to raise the issued capital to EGP 1.07 billion from EGP 630.5 million and to increase the authorised capital to EGP 5 billion from EGP 1 billion.
It is worth noting that Raya previously unveiled a net profit of EGP 17.1 million in the first half of 2018, versus EGP 55.58 million in H1-17.
