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The EGX approves the capital increase of 3 companies, and the transfer of "Incollis" to List "C"


The Securities Listing Committee on the Egyptian Stock Exchange decided, in its session held today, Wednesday, to transfer the listing and trading of the shares of the International Financial Leasing Company - Incolise to List (C) as of the beginning of the trading session on Sunday, June 6, after fulfilling the conditions for the continuation of the listing in implementation of Article (53) Duplicate of the registration rules as of June 24.

 

The committee also decided to approve the increase in the issued and paid-in capital of the Egyptians for Housing, Development and Development, Housing and Development Bank, as the first capital will be increased from 240 million pounds to 264 million pounds, with an increase of 24 million pounds distributed over 96 million shares (0.1 shares). Free for every 1 original share before the increase) with a nominal value of 0.25 pounds per share, financing from the profits of the year and retained earnings according to the company’s financial statements on December 31, 2020.

 

It also agreed to increase the capital of the Housing and Development Bank from 1.265 billion pounds to 1.518 billion pounds, an increase of 253 million pounds distributed over 25.3 million shares (0.2 free shares for every 1 original share before the increase) with a nominal value of 10 pounds per share, to be financed from the general reserve. According to the financial statements on 31/12/2016, noting that the right to free distribution (0.2 free shares for every 1 original share before the increase) for the stock purchaser until the end of the trading session on Wednesday, 16 June.

 

The Securities Listing Committee also decided to approve registering an increase in the authorized capital of the Arab Ceramic Company (Ceramic Remas) from 200 million pounds to 500 million pounds.

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