Cairo – Mubasher: The ordinary general meeting of Arab for Development and Real Estate Investment (ADRI) approved the proposed bonus share distribution at 11.6%, or 11.6-for-100.

Meanwhile, the company’s extraordinary general meeting endorsed a rise in issued and paid-in capital to EGP 29.54 million from EGP 26.50 million, through the distribution of bonus shares.

The bonus issue will be financed from FY14 net profits as well as from earnings retained from earlier years.