Thndr Claps » EGY Claps » FRA approves Hermes’ capital Increase
The FRA approved EFG Hermes’ (HRHO) request to increase capital by EGP 937.07 million, bringing the total paid-in capital to EGP 5.38 billion.
EFG had decided earlier this month to increase capital through distributing bonus shares, at one bonus share/5 original shares.
The operation is set to be funded from the company’s 2021 retained earnings.
HRHO closed up 3.67% in yesterday’s trading session.
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