Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the disclosure form of Nozha International Hospital to raise its capital.
The disclosure form includes the board’s decision to increase its authorised capital to EGP 525 million from EGP 90 million and its paid-up and issued capital to EGP 105.46 million from EGP 84.37 million through a 0.25-for-one bonus issue amounting to 21.09 million shares, according to a bourse disclosure on Thursday.
The board also approved a six-for-one stock split, cutting the share’s nominal value to EGP 6 from EGP 1.
In 2020, Nozha International Hospital reported net profits of EGP 49.6 million, down from EGP 60.5 million in 2019.
