Cairo – Mubasher: The listing committee of the Egyptian Exchange (EGX) approved a request submitted by Odin Investments to increase its issued and paid-up capital to EGP 260 million from EGP 248.8 million.
The capital increase, amounting to EGP 11.2 million, is distributed over 4.48 million shares at a nominal value of EGP 2.5 apiece, to be financed from the retained earnings shown in the financial statements for 2019, according to a bourse statement on Wednesday.
During the first six months of 2020, Odin Investments achieved net profit of about EGP 388,450, compared to EGP 1.55 million in the year-ago period, including minority shareholders’ rights.
