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Record date for Giza General Contracting bonus issue Wednesday

Record date for Giza General Contracting bonus issue Wednesday

Tomorrow, Wednesday, December 3 will be the record date for the bonus share distribution of Giza General Contracting Co. at 1-for-5.

The post-increase shares will be listed on EGX as of Thursday, December 4, 2014.  A change in price limits will be effected on the company’s stock as of Thursday.

The securities listing committee of the Egyptian Exchange (EGX) had approved listing shares of increasing the company’s issued capital of 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.
The company’s extraordinary general meeting had endorsed the increase of issued capital by EGP 14,698,500.