Medinet Nasr Housing EGM Approves Capital Hike Through Bounce Distribution

By Amwal Al Ghad English On Jan 30, 2014

Medinet Nasr Housing EGM approved increasing issued and paid capital, through free stocks distribution, in limits of authorized capital from LE 135 million to LE 155 million amounting to LE 20 million (2 free stock for every existing 13.5 share) and distributed over 20 million shares at a nominal value of LE 1 per share.

Source: EGX & Arab Finance

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