Egyptian Kuwaiti Holding BOD nods Capital increase to $ 243.9 m [Arab Finance (Egypt)]
(Arab Finance (Egypt) Via Acquire Media NewsEdge) Arab Finance: Egyptian Kuwaiti Holding ( EKHO) Board of Directors approved in its meeting, held on June 30, the results of the company's rights issuance.
The BOD approved the increase in the company's issued capital from $ 209.823 million to $ 243.914 million through issuing 136.36 million shares. The Par value per share will be $ 0.25 and $ 0.55 issue fees for each stock.
The Board approved the amendment of articles No. 6 & 7 of incorporation in light of the right issuance results to increase the company's capital to $ 243.914 million distributed on 975.658 million shares with a $ 0.25 par value per share.
Source: EGX & Arab Finance Editor
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