Cairo - Mubasher: The board of directors of Integrated Engineering Group Co. gave go-ahead to raising the company's capital from EGP 9 million to EGP 12 million.

The capital increase will be effected through issuing 45 million shares at EGP 0.20 par value each, that will be offered to existing shareholders through a right issue.

Integrated Engineering posted earlier net profits of EGP 329,700 in the first half of 2015.

The company is currently capitalised at EGP 3 million, distributed across 15 million shares at EGP 0.20 par value each.