Cairo - Mubasher: Gharbia Islamic Housing Development (GIHD) said on Monday that it will hold its ordinary general meeting (OGM) on Saturday 16 September to discuss raising the company’s issued capital to EGP 50 million.

The company said in a statement to the Egyptian Exchange (EGX) on Monday that the meeting will vote on raising the capital from EGP 22.5 million to EGP 50 million, through the issuance of 6.88 million shares at a nominal value of EGP 4 per share.