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Mohandes Insurance shareholders nod for capital top-up

Mohandes Insurance shareholders nod for capital top-up
The top-up will be from EGP 100 million to EGP 110 - Photo Credit: Mubasher
Mohandes Insurance
MOIN
0.00% 19.97 0.00

Cairo – Mubasher: Mohandes Insurance said Thursday that its shareholders approved hiking the company's capital through 0.10-for-1 bonus share distributions, according to a bourse filing.

The top-up will be from EGP 100 million to EGP 110, financed through the reserves registered in the approved FY14/15 balance sheet.

On Wednesday, the stock quote was placed at EGP 19.35 with a 2.22% slide.