Cairo – Mubasher: CI Capital Holding For Financial Investments has received the Egyptian Financial Regulatory Authority’s (FRA) approval to increase its issued capital to EGP 1 billion from EGP 800 million.

The company’s capital will be raised by EGP 200 million to be financed from the issue premium reserve as per the financial statements for the year ended 30 December 2019 through distributing 0.25 bonus share for every share held, according to a statement to the Egyptian Exchange (EGX) on Wednesday.

It is noteworthy that during 2019, CI Capital’s net profits hiked to EGP 621.15 million from EGP 425.31 million in 2018.