Thndr Claps » EGY Claps » Real Estate 🏡 » Madinet Nasr Housing to increase capital 🌆
The ClapMadinet Nasr Housing’s board of directors approved a capital increase through bonus shares.
The deetsThe increase amounts to EGP 228 million, & will be in the form of 228 million bonus shares at EGP 1/share.
The operation will increase the company’s capital from EGP 1.87 billion to EGP 2.1 billion, and will be funded from the company’s 2021 net income.
In related newsLast February Madinet Nasr issued a rights issue, which increased its capital to EGP 1.87 billion.
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