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Pyramisa Hotels board to tackle capital hike

Pyramisa Hotels board to tackle capital hike
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Pyramisa
PHTV
0.66% 159.00 1.05

Cairo – Mubasher: Pyramisa Hotels and Resorts said it will hold board of directors meeting on 8 February.

The shareholders meeting will discuss raising the company’s issued capital to EGP 497 million, through the distribution of bonus shares at 0.15 to 1.

The company’s net profits declined 33.4% to EGP 45.4 million in the first nine months of 2015.