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National Real Estate files with EGX for capital hike

National Real Estate files with EGX for capital hike
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: National Real Estate Bank for Development (NRPD) has filed with the Egyptian Exchange to raise issued capital to EGP 52.03 million from EGP 46.83 million, according to a filing posted on Cairo bourse’s website Sunday.

The EGP 5.2 million will be carried out via a bonus share distribution that will be financed from FY14 profits.