The securities listing committee of the Egyptian Exchange (EGX) decided on Thursday to list secondary shares of Egypt Kuwait Holding Co. (EK Holding) to raise the company’s capital from $209.8 million to $243.9 million.
The $34.1 million increase is divided into 136.36 million shares at $0.25 par value plus $0.55 issue premium each.
The post-increase shares will be added to EGX database as of the start of trading on Thursday, October 23.
The company’s extraordinary general meeting approved on Thursday, September 11 implementing the incentive system through bonus share distribution to workers, managers and executive board members