Cairo - Mubasher: Gharbia Islamic Housing Development Company announced on Wednesday that it will hold its extraordinary general meeting (EGM) on 17 December, according to a bourse filing.
The company will discuss raising the company’s capital from EGP 22.5 million to EGP 50 million by issuing 6.87 million shares with a face value of EGP 4 per share, a total of increase of EGP 27.5 million or EGP 1.22 million per share.
Gharbia Islamic Housing will also discuss raising the compay’s authorized capital from EGP 50 million to EGP 500 million, according to the company’s statement to the Egyptian Exchange (EGX).
