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Cairo Investment BoD ratifies capital hike by LE14 m


: Cairo Investment and Real Estate Development (CIRA) announced in a statement sent to EGX, the Board of Directors (BoD) was held on November 07.
The board approved the disclosure report to conduct procedures of issued and paid capital hike to LE233,116,130 from LE219,116,130, with increase amounting to LE14 million.
The capital increase will be distributed over 547,790,325 stocks with a par value of LE6 per share ( according to offering prospectus the par value amounts to LE0.40 and LE5.60 premium issuance added to reserves).
The capital hike will be allocated in favor of Social Impact Captial ltd, the governor shareholder in the company in exchange for the stocks that offered in public and private offerings.



Time Added: 2018-11-08 12:45:26
Source: Arab Finance
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