Cairo - Mubasher: The equityholders of Atlas for Investment and Food Industries have approved increasing the company’s issued capital to EGP 115.12 million from EGP 65.12 million.
The EGP 50 million capital raise value will be distributed over 500 million shares at a nominal value of EGP 0.10 per share in favor of the existing shareholders of Atlas, according to a bourse filing.
Meanwhile, the process of increasing the capital will be carried out through cash deposit and according to the results of the subscription.
