Arab Finance - EFG Hermes’ board OKs EGP 973M capital increase
ArabFinance: EFG Hermes Holding’s (HRHO) board of directors has approved increasing issued capital by EGP 973.07 million through the distribution of 1-for-5 bonus shares, according to a filing to the Egyptian Exchange (EGX) on Thursday.
Accordingly, the company’s issued capital shall increase to EGP 5.838 billion from EGP 4.865 billion.
In 2021, EFG Hermes generated revenues of EGP 6.1 billion, rising by 12% year-on-year (YoY) to surpass the EGP 6 billion mark for the first time.
Listed on bo
Accordingly, the company’s issued capital shall increase to EGP 5.838 billion from EGP 4.865 billion.
In 2021, EFG Hermes generated revenues of EGP 6.1 billion, rising by 12% year-on-year (YoY) to surpass the EGP 6 billion mark for the first time.
Listed on bo