Egypt’s bourse said on Tuesday that it approved capital increases for five listed companies:Beltone Financial Holding, Electro Cable, United Housing & Development, El-Wadi for Touristic Investment and El Saeed Contracting.

Accordingly, Electro Cable will raise its issued capital from EGP 496.4 million to 521.2 million, a hike of EGP 24.8 million distributed across 24.8 million shares at EGP 1 par value each.

United Housing & Development will raise its issued capital from EGP 108.8 million to EGP 135.9 million, an increase of EGP 27.2 million, effected through the distribution of bonus shares at 0.25-for-1 at EGP 1.25 par value each.

United Housing will also increase its authorised capital from EGP 400 million to EGP 675 million.

El Wadi for Touristic Investment will raise its issued capital from EGP 156 million to EGP 182 million, an increase of EGP 26 million distributed across 2.6 million shares at EGP 10 par value each.

The capital hike will be effected through the distribution of bonus shares at 1-for-6 that will be financed from both the deferred earnings and 2014 earnings.

Finally, El Saeed Contracting will raise its capital from EGP 471.95 million to EGP 566.2 million, an increase of EGP 94.375 million distributed across 94.375 million shares at EGP 1 par value each.

El Saeed Contracting also obtained the EGX’s approval to raise its authorised capital from EGP 500 million to EGP 1 billion.