Grand Investment Capital’s EGM approves capital hike
· Egyptian market news · ARAB
The extraordinary general meeting (EGM) of Grand Investment Capital approved increasing the issued capital to EGP 52 million from EGP 39 million, according to a bourse disclosure.
The company will issue 2.600 million in bonus shares, with a nominal value of EGP 5 per share.
Grand Investment Capital will distribute bonus shares at a rate of one bonus share for every three original shares.
Established in 2007, the firm is a joint stock company that provides direct investments in the financial services sector.