Cairo - Mubasher: The listing committee of the Egyptian Exchange (EGX) has approved listing the stocks of Egyptian Modern Education Systems (MOED) and the Egyptian Financial and Industrial Company (EFIC) after their recent respective capital hikes.
The EGX said on Sunday that the committee has approved raising the issued and paid capital of MOED from EGP 8.8 million to EGP 16 million.
The capital increase of around EGP 7.11 million is distributed over 7.11 million shares, at 0.8 bonus shares for every original share, according to the bourse statement.
Meanwhile, the EGX revealed that listing the bonus shares of the EFIC will be effective starting the session on Monday, 13 March.
The EGX approved the company’s capital hike from EGP 693.02 million to EGP 727.67 million through the distribution of a bonus share for every 20 shares, financed through profits and provisions.
