The rights issue of BIG Trade and Investment was covered by 89.4%, with a total of 13.409 million shares, out of 15 million offered shares, subscribed, said an official source at CIB.
According to the source, the company’s capital increase by EGP 30 million to EGP 40 million will be partially financed from accounts payable by EGP 15 million, while the remaining EGP 15 million will be injected by original shareholders
The company had posted EGP 181.9 thousand net profit in FY13, with 15% growth year-over-year from EGP 158 thousand.