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GGCC shareholders to discuss capital hike 1 May

GGCC shareholders to discuss capital hike 1 May
The Egyptian Exchange (Photo credit: Mubasher)
Giza General Contracting
GGCC
-5.33% 0.43 -0.02

Cairo - Mubasher: Giza General Contracting and Real Estate Investment Company (GGCC) will hold an extraordinary general meeting (EGM) on 1 May to discuss raising the capital by EGP 41.3 million via distributing 0.25 bonus share for each ordinary share.

Thus, the issued capital will be increased to EGP 206.6 million from EGP 165.3 million, a bourse filing said on Tuesday.

On the same date, the ordinary general meeting (OGM) will discuss the financial statements for the year ended on 31 December 2016.