Cairo - Mubasher: The board of MM Group for Industry and International Trade (MTI) approved increasing its issued and paid-in capital to EGP 1.40 billion from EGP 1.17 billion through bonus shares.
The EGP 234.14 million hike amount will be financed from MTI’s 2025 net profits, according to a bourse filing.
The capital increase process will be executed by issuing 0.20 bonus shares for every existing share at a nominal value of EGP 0.62 per share.
In 2025, the EGX-listed company achieved higher consolidated net profits after tax at EGP 1.29 billion, compared to EGP 1.09 billion in 2024.
