Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved a request to list the capital raise shares of Nozha International Hospital.
The company's issued and paid-up capital will be increased by EGP 16.875 million or 25% to EGP 84.375 million, according to a bourse statement on Thursday.
A total of 2.812 million shares will be issued at a nominal value of EGP 6 per share to be financed from profits and retained earnings through a one-for-four bonus issue.
The record date is at the end of trading session on Sunday, 21 June.
It is worth mentioning that in the first quarter of 2020, the EGX-listed firm reported net profits of EGP EGP 14.53 million, slightly up from EGP 13.55 million in the corresponding period a year earlier.
