Latest news with #bonusshares
Zawya
8 hours ago
- Business
- Zawya
Egypt: Nasr for Civil Works obtains EGM's nod for capital raise
Arab Finance: Nasr Company for Civil Works' extraordinary general meeting (EGM) agreed to increase the issued and paid-up capital to EGP 210 million from EGP 161.384 million, according to a bourse filing. The EGX-listed firm will raise its capital by EGP 48.615 million, distributed over 48.615 million shares, with a nominal value of EGP 1 per share. Nasr for Civil Works will distribute 3-for-10 bonus shares, financed from the company's profits registered in 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
12 hours ago
- Business
- Zawya
Egyptians for Investment approves capital increase
Cairo - The Egyptians for Investment and Urban Development Company's board agreed, on 18 June, to increase the issued and paid-up capital to EGP 165 million from EGP 150 million. The EGX-listed firm will distribute 15 million bonus shares to 150 million shareholders, reflecting a ratio of one bonus share for every ten shares held, according to a bourse statement. The transaction will be funded from retained earnings of EGP 17.53 million, with EGP 749,865 allocated as a 5% legal reserve, leaving EGP 16.78 million available for distribution. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Reuters
a day ago
- Business
- Reuters
Nestle India to consider issuing bonus shares
June 19 (Reuters) - Nestle India ( opens new tab will consider issuing bonus shares at a board meeting scheduled on June 26, the consumer goods company said on Thursday.
Zawya
3 days ago
- Business
- Zawya
Saudi's CMA approves capital hike of Paper Home, Al Modawat via bonus shares
Riyadh: The Capital Market Authority (CMA) has approved the capital increase requests of Paper Home Company and Al Modawat Specialized Medical Company. The approvals will be executed through the issuance of two bonus shares for each existing share, according to separate disclosures. Paper Home's capital will hike from SAR 20 million to SAR 60 million, raising the number of outstanding shares from 2 million to 6 million. The transaction will be implemented by transferring SAR 40 million from the retained earnings account. Meanwhile, the CMA greenlighted Al Modawat's proposal to increase its capital by 200% from SAR 23.75 million to SAR 71.25 million The SAR 47.50 million capital raise will be financed by transferring the share premium account to the company's capital. Hence, the number of shares will increase from 23.75 million to 71.25 million shares. Source: Mubasher
Zawya
11-06-2025
- Business
- Zawya
Saudi: Knowledge Net's board recommends 50% capital raise
Knowledge Net Company announced the board's recommendation for a 50% capital hike to SAR 52.50 million from SAR 35 million. The Saudi firm will grant one bonus share for each two owned shares, according to a bourse disclosure. Following the transaction, the new capital will be distributed over 5.25 million shares, instead of 3.50 million shares. Knowledge Net will capitalize SAR 17.50 million from the retained earnings account. The board member proposed the capital raise to support the company's growth plans, meet future expansion needs, and reinforce its financial solvency and strong financial position. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
