Cairo – Mubasher: Cairo Educational Services said its board of directors gave a nod to raising the company’s issued capital to nearly EGP 48 million.

The capital increase will be effective through distributing bonus shares at 1 to 1 and would be financed from deferred dividends.

Following the capital hike, Cairo Educational Services issued shares will increase from 6 million shares to 12 million shares at EGP 4 par value each.