Firm brings issued capital to $169 million, up from $84 million
Egypt cigarette-maker Eastern Company has approved a capital hike of EGP750 million ($84 million) on Sunday.
It will take place through the distribution of one free share per existing original share.
This would bring the company's issued capital to EGP1.5 billion ($169 million) from EGP750 million, it said in a statement to the Cairo stock exchange.
The hike brings its authorised capital to EGP3 billion ($338 billion), up from EGP1.5 billion.