The Clap EFG (HRHO) got approval to increase capital from EGP 4.8 billion to EGP 5.8 billion.
The Deets EFG are set to increase their capital through the issuance of stocks with a nominal value of EGP 5. They are to be distributed as bonus shares to current investors, at 0.2 bonus share per share.
This increase is set to be financed through last year’s profit. The right to acquire these bonus shares will end on Monday, July 18.