Cairo – Mubasher: Abu Qir Fertilizers’ board of directors has approved to increase the issued and paid-up capital from EGP 1.26 billion to EGP 1.89 billion through distributing 0.5-for-1 bonus shares.

The board also agreed to raise the authorised capital from EGP 1.5 billion to EGP 3 billion, according to a bourse filing released on Sunday.

Furthermore, the board awarded a contract worth 133.6 million euros to ThyssenKrupp.