Elsaeed Contracting
UEGC
0.72%
0.70
0.01
UEGC
Cairo-Mubasher: Elsaeed Contracting and Real Estate Investment Company said its board of directors approved a bonus share distribution for 2014 at 0.20-for-1.
The board also gave a nod to amending articles of incorporation accordingly.
The company’s authorised capital will be raised to EGP 1 billion from EGP 500 million, while issued capital will be increased to EGP 566.25 million from EGP 471.87 million.
The EGP 94.4 million capital increase will be financed from earnings.
Source:
Mubasher