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Today is record date for Medinet Nasr Housing bonus shares

Today is record date for Medinet Nasr Housing bonus shares
Madinet Masr
MASR
-1.08% 3.67 -0.04
Medinet Nasr Housing & Development (MNHD) said that shareholders of record till close of trading today, April 16, 2014 will be entitled to receive bonus shares as of April 17, 2014.

The company will increase issued and paid-in capital by EGP 20 million to EGP 155 million, up from EGP 135 million, divided into 20 million bonus shares at a par value of EGP 1 per each.

The company posted an increase by 105% in net profit to EGP 175.87 million in 2013, compared to EGP 86 million in 2012.