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Thndr Claps » EGY Claps » FRA approves Hermes’ capital Increase

FRA approves Hermes’ capital Increase

by Ziad Amin
April 19, 2022

The Clap

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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