The Listing Committee at the Egyptian Exchange (EGX) approved publishing the disclosure report of Nasr Company for Civil Works to hold ordinary and extraordinary general meetings to discuss increasing issued capital.

The company had submitted a request to EGX to raise issued capital from EGP 27.5 million to EGP 30.25 million.

The EGP 2.75 million increase will be effected through 1-for-10 bonus share distribution, to be financed from FY14 profit.

The bourse ordered the company to hold the meetings within one month from publishing the disclosure report.

The company reported annual profit of EGP 21.9 million, with a decline of 3.1% compared with a year earlier.