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Record date for Integrated Engineering rights issue 28 Feb

Record date for Integrated Engineering rights issue 28 Feb
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: The Egyptian Exchange (EGX) announced that shareholders of record till the close of trading on Sunday, 28 February will be entitled to subscribe to the right issue of Integrated Engineering Group.

Earlier, the company’s shareholders gave go-ahead to increasing the company's issued capital from EGP 3 million to EGP 12 million, up by 9 million.

The company's existing shareholders would be entitled to subscribe in the right issue at 3 to 1 stocks without issuance allowance.

The right issue will be at the company's par value of EGP 20 per share.

Integrated Engineering posted earlier net profits of EGP 329,700 in the first half of 2015.