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The Egyptian Stock Exchange approves the registration of shares to increase the capital of “Kima” to 9.93 billion pounds

The Securities Registration Committee decided to register shares to increase the issued and paid-up capital of the Egyptian Chemical Industries Company - KIMA from 5.93 billion pounds to 9.93 billion pounds, an increase of 4 billion pounds.

The Stock Exchange explained in a statement today, Wednesday, 7/17/2024, that the increase is distributed over 800 million shares with a nominal value of 5 pounds per share, in addition to 5 piasters issuance expenses per share, paid through cash subscription by old shareholders and credit balances due to shareholders.