The company's ordinary and extraordinary general assembly decided in its two sessions held on 4/30/2024 to increase the company's issued and paid-up capital from 150,000,000 Egyptian pounds to 161,384,390 Egyptian pounds
With an increase of 11,385,390 Egyptian pounds to be financed from the profits of the year and the retained earnings shown in the company's financial statements on 12/31/2023, distributed over 11,385,390 free shares with a nominal value of one Egyptian pound per share to be distributed to shareholders.
It was decided to distribute free shares at a rate of 0.0758959333 shares for each original share of the company's shares before the increase.
This is for the holder and buyer of the share until the end of the trading session on Tuesday 8/13/2024, provided that the free shares are distributed starting from Wednesday 8/14/2024, taking into account rounding up the fractions in favor of small shareholders from the smallest to the largest, until the quantity runs out, through the Misr Clearing and Central Depository Company, after the issuance of the registration decision approving the increase.