Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved the listing of the capital raise shares of the Egyptian Financial Group Hermes Holding (EFG Hermes). 

EFG Hermes will increase its capital to EGP 4.611 billion from EGP 3.843 billion by issuing 153.72 bonus shares worth EGP 768.61 million, the EGX said in a statement on Wednesday. 

The record date of the 0.20-for-one bonus issue is at the end of the trading session on Sunday, 25 July. Shares will be listed at the beginning of the trading session on Monday, 26 July. 

In the first quarter (Q1) of 2021, EFG Hermes logged net profits of EGP 312.13 million, compared to EGP 98.92 million in the same period in 2020, including minority shareholders’ rights.