Cairo – Mubasher: The extraordinary general meeting (EGM) of Development and Engineering Consultants Co (TAMEER) approved a decision to increase the company's issued and paid-up capital to EGP 299.376 million from EGP 249.48 million.

The capital will be raised by issuing bonus shares at a value of EGP 14 apiece, the company said in a bourse disclosure on Sunday. 

During the first quarter (Q1) of 2021, TAMEER reported consolidated net profits of EGP 6.07 million, compared to EGP 5.74 million in Q1-21, including minority shareholders' rights.