The securities listing committee of the Egyptian Exchange (EGX) approved listing shares of increasing the issued capital of Giza General Contracting and Real Estate Investment Co. to EGP 88.191 million from EGP 73.492 million.
The EGP 14.698 million increase, divided into 2.939 million shares at EGP 5 par value each, will be financed from FY13 dividends.
Shareholders of record till the close of trading on Wednesday, December 3 will be entitled to the bonus share distribution at 1-for-5.
The post-increase shares will be listed on EGX as of Thursday, December 4, 2014.
The company’s extraordinary general meeting had endorsed the increase of issued capital by EGP 14,698,500.