Latest news with #bonusshares
Zawya
2 days ago
- Business
- Zawya
EGX approves listing of MOPCO's $158.9mln capital increase
The Egyptian Exchange (EGX) Listing Committee has approved the listing of Misr Fertilizers Production Company's (MOPCO) capital increase, as per a disclosure. MOPCO's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, marking an increase of EGP 7.88 billion. The increase will be carried out through the issuance of 788.956 million shares at a par value of EGP 10 per share, distributed as 0.3794547514 bonus shares for each ordinary share held prior to the increase. The increase is financed from the balance of merger proceeds recorded in the company's financial statements as of December 31st, 2024, along with EGP 11 from retained earnings. This marks the company's seventh issuance under the Egyptian Securities Listing Schedule. The right to the bonus shares distribution applies to shareholders as of the end of the trading session on Tuesday, July 22nd, 2025. MOPCO's shares following the capital increase, totaling 2,868 billion shares, will be listed on the EGX's database starting from the trading session on Wednesday, July 23rd, 2025. If the bonus share distribution date coincides with an official holiday, distribution will take place on the next business day. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Reuters
16-07-2025
- Business
- Reuters
India's HDFC Bank to consider issuing bonus shares
July 16 (Reuters) - Indian lender HDFC Bank ( opens new tab will consider issuing bonus shares at a board meeting scheduled on July 19, the company said on Wednesday. HDFC Bank will also consider declaration of a special interim dividend at the board meeting.
Zawya
14-07-2025
- Business
- Zawya
Egypt's Rameda unveils capital hike
Cairo – The extraordinary general meeting (EGM) of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) approved a capital hike to EGP 500 million from EGP 377.74 million. The shareholders agreed to increase the company's issued capital within the authorized capital limit by EGP 122.25 million, according to a bourse disclosure. Rameda indicated that the increase will be financed through the issuance of bonus shares, using its distributable net profits, including the 2024 profits and retained earnings. As of 31 December 2024, the EGX-listed firm logged net profits amounting to EGP 401.80 million, an annual surge from EGP 253.20 million. Revenues hiked to EGP 2.76 billion in 2024 from EGP 1.92 billion in 2023. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
08-07-2025
- Business
- Zawya
Egypt: MOPCO to distribute bonus shares starting July 23rd amid capital increase
Arab Finance: Misr Fertilizers Production Company (MOPCO) will begin distributing bonus shares on July 23rd, 2025, as part of a capital increase approved by its general assembly on April 12th, as per a disclosure. The company's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, reflecting an increase of EGP 7.89 billion. Shareholders will receive 0.3794547514 bonus shares for each ordinary share held, based on holdings as of the end of trading on Tuesday, July 22nd, 2025. A total of 788.956 million bonus shares, each with a nominal value of EGP 10, will be distributed through Misr for Central Clearing, Depository and Registry (MCDR), following the listing committee's approval. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
02-07-2025
- Business
- Zawya
Egypt: REACAP approves $952,423 capital increase
Arab Finance: REACAP Financial Investments (REAC) has approved a capital increase of EGP 47.3 million through the distribution of bonus shares, according to a disclosure to the Egyptian Exchange. Accordingly, the company's issued and paid-up capital will increase from EGP 591.4 million to EGP 638.7 million. The decision was made during the company's extraordinary general assembly (EGM) held on June 30th, 2025. The increase will be distributed over 9.462 million shares at a nominal value of EGP 5 per share, bringing the total number of shares to 127.745 million. The capital hike is funded from distributable profits recorded in the previous fiscal year, with shareholders receiving 0.08 bonus shares for each original share held. Established in 1997, the company in which Naeem Holding owns a stake of 47.61% provides asset management services such as fund, wealth, and portfolio management, as well as direct investments in various sectors. Smart Village Real Estate Investment Company (SVREICO), a Subsidiary of REACAP Investments Company established in 2007, is a real estate private equity firm that primarily focuses on investing in high-end real estate facilities. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
