Kuwait-based Al Salam Group Holding shareholders approved the company's listing on the Egyptian Stock Exchange (EGX), it said a bourse filling.

The company's ordinary general meeting gave a nod to submitting a shares' listing request to Egypt's bourse regulators.

Meanwhile, the shareholders approved bonus share distribution at 5%, representing one share for each 100 shares.

Al Salam Group is dual-listed on the Kuwaiti and Dubai bourses, with operating capital of KWD 256.8 million, distributed across 256.8 million shares at KWD 100 fils par value each.