ArabFinance: The Egyptian Exchanges (EGX) Listing Committee has approved the listing of increases in both authorized and issued and paid-up capitals for Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL), according to a statement.
The companys authorized capital increased to EGP 360 million from EGP 150 million.
Meanwhile, the issued and paid-up capital rose to EGP 100.8 million from EGP 72 million by EGP 28.8 million distributed over 28.8 million at a par value of EGP 1 per share.
Accordingly, 0.4-for-1 bonus shares will be distributed, with the eligibility for shareholders of a record date on January 12th.
The companys shares following the capital increase will be registered on the EGXs database as of Thursday, January 13th.
Marseilia Group is an Egypt-based company engaged in real estate property investment, development, and management.
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