Cairo – Mubasher: Golden Coast El Sokhna for Touristic Investment’s board of directors approved 1-for-1 bonus share distribution for the fiscal year 2015, according to a bourse filing,

The company targets doubling its paid-in capital to EGP 40 million from EGP 20 million through a five-million share distribution at EGP 4 each, giving no further details over new expansions.

The board also approved retracting the decision of the extraordinary general meeting held on 19 February 2015 by which the green light is given to capital top-up from EGP 20 million to EGP 50 million.  

During 2015, the company registered EGP 7.3 million profits compared to EGP 6.2 million profits in 2014.