Cairo – Mubasher: The extraordinary general meeting of Alexandria Flour Mills agreed to increase the company’s capital by EGP 74.8 million, according to a bourse statement issued on Wednesday.
The Egyptian firm will issue the shares at the nominal value, the company said, noting that the hike will raise the capital to EGP 114.8 million from EGP 40 million.
The company’s stock ended Tuesday’s trading session higher with 0.97% to EGP 16.5, while no trading activity was witnessed at Wednesday’s open.
