Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved publishing the disclosure form submitted by the General Company for Silos and Storage regarding a capital hike request.
The company will raise its issued and paid-up capital by EGP 25 million to EGP 125 million from EGP 100 million, according to an official statement on Sunday.
The capital increase will be distributed over 2.5 million shares at a nominal value of EGP 10 per share.
It is worth noting that during the period from July 2021 to May 2022, the EGX-listed firm registered EGP 103.03 million in net earnings, compared to EGP 94.27 million in the year-ago period.
