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Arab Ceramic requests capital hike

Arab Ceramic requests capital hike
(Photo credit: Arabianeye - Reuters)
Remas
CERA
-1.79% 0.88 -0.02

Cairo – Mubasher: The Egyptian Exchange (EGX) said Tuesday that Arab Ceramic Company has submitted a request to increase its issued capital from EGP 125 million to EGP 156.25 million.

The company requested to raise its issued capital by EGP 31.25 million distributed across 31.25 million shares at a nominal value of EGP 1.

The request is being reviewed by the listing committee of the EGX, according to a bourse filing.