Cairo – Mubasher: The board of directors of e-finance For Digital and Financial Investments decided to increase the company’s issued capital by issuing 177.777 million shares at a fair value (FV) of EGP 13.98 per share, totalling EGP 2.48 billion.
The decision has been referred to the company's extraordinary general meeting (EGM) for approval, according to a bourse disclosure on Monday.
The capital increase will be allocated for the employee stock ownership plan (ESOP).
In the first half (H1) of 2021, e-finance For Digital and Financial Investments logged consolidated net profits of EGP 275.56 million, up from EGP 152.45 million in the prior-year period, including minority shareholders' rights.
