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EGX reviews AMOC capital increase to EGP 1.3bn

EGX reviews AMOC capital increase to EGP 1.3bn
AMOC's board approved increasing issued capital to EGP 1.29 billion
AMOC
AMOC
0.49% 4.13 0.02

Cairo – Mubasher: The Egyptian Exchange (EGX) said that Alexandria Mineral Oils Co (AMOC) has submitted documents to increase its issued capital from EGP 861 million to EGP 1.29 billion through financing bonus shares from the public reserve.

The EGX is currently reviewing the documents to be submitted to the Listing Committee, the EGX added in a statement on Monday.

AMOC said that its board approved the procedures of increasing the issued capital to EGP 1.29 billion.

By 10:10 am Cairo time, AMOC’s stock shed 1.32% at EGP 10.49 on Monday.