The securities listing committee of the Egyptian Exchange (EGX) has approved today a request received from Atlas for Land Reclamation and Agricultural Processing to raise issued capital by EGP 40 million to EGP 60 million from EGP 20 million.
The EGP 40 million increase is divided into 4 million shares at EGP 10 par value each. Original shareholders will be entitled to subscribe to the secondary shares.
The company is currently capitalized at EGP 20 million, divided into 2 million shares at EGP 10 par value each.