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Integrated Engineering cleared by EGX to discuss capital hike

Integrated Engineering cleared by EGX to discuss capital hike
Photo Credit: Arabianeye- Reuters

Cairo - Mubasher: Integrated Engineering Group announced Wednesday that it secured the approval of the Egyptian Exchange (EGX) to hold an extraordinary general meeting to discuss capital increase.

The company seeks to raise its capital by EGP 9 million to EGP 12 million, through issuing 45 million shares at EGP 0.20 par value each.

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