Cairo – Mubasher: The board of Nozha International Hospital has approved an EGP 26.37 million increase in the issued and paid-up capital to EGP 131.83 million from EGP 105.46 million.
The capital raise will be financed from the retained earnings of EGP 114.86 million and distributed via 0.25 bonus shares for every original share, according to a bourse filing on Tuesday.
It is noteworthy to mention that in 2021, the company registered a 33% year-on-year (YoY) rise in net profits to EGP 65.88 million, compared to EGP 49.6 million in 2020.
