Cairo – Mubasher: Sabaa International Company for Pharmaceutical and Chemical Industry said that its extraordinary general meeting (EGM) will discuss on 1 April a proposal to increase the capital from EGP 60 million to EGP 66 million.

On the same day, the ordinary general meeting (OGM) will discuss the company’s results for fiscal year 2016, in addition to the board and auditor’s reports on the year, according to a bourse filing.

Last February, the company’s board recommended distributing 3 million bonus shares worth EGP 6 million, equivalent to one bonus share for each 10 ordinary shares.

The stock closed Thursday’s session rising 2.6% to EGP 3.95.