EFG-Hermes Receives Regulator Approval To Discuss Capital Hike

By Yomna Yasser On Jun 12, 2013

Egypt’s financial regulator – the Egyptian Financial Supervisory Authority (EFSA) announced its approval to the EFG-Hermes Holding (HRHO.CA)’s request to call for the extraordinary general meeting (EGM) so as to discuss increasing the company’s issued and paid-up capitals.

EFG-Hermes’ shareholders shall discuss increasing the company’s issued and paid-up capitals through free distribution with total value of EGP 477.9 million at nominal value amounting to EGP 5 per share.