El Wadi for Touristic Investment shareholders gave a nod to issuing bonus shares with a distribution of 1-for-6.

Meanwhile, the company's extraordinary general meeting approved an issued capital top-up from EGP 156 million to EGP 182 million

The EGP 26 million increase will be distributed across 2.6 million shares at EGP 1 par value each and will be financed from deferred dividends.

El Wadi posted EGP 17.2 million in net profits for 2014, compared with EGP 16.6 million for the previous year.

The firm is capitalised at EGP 156 million shares, distributed across 15.6 million shares at EGP 10 par value each.