Cairo-Mubasher: Suez Bags Co.’s ordinary general meeting decided to withhold cash dividends and distribute bonus shares at 8-for-100, while also endorsing its financial results for the fiscal year 2014, the company said in a bourse filing on Wednesday.

Meanwhile, the company’s extraordinary general meeting approved an increase in issued and paid-in capital to EGP 21.870 million from EGP 20.250 million through issuing 2.2 million bonus shares at EGP 10 par value each.

The EGM also gave a nod to reducing the stock’s par value, after the bonus issue, to EGP 4 from EGP 10, lifting the total number of shares to 5.1 million.