The board of Engineering Industries (ICON) is considering a proposal for increasing issued and paid-in capital by EGP 35.640 million to EGP 106.920 million from EGP 71.280 million.
The capital increase will be effected through 1-for-2 bonus share distribution that will be
financed from retained earnings and FY13 profit.
The company is capitalized at EGP 71.280 million, divided into 17.8 million shares at EGP 4 par value each.