Close ad

Egypt's Abou Kir Fertilisers approves capital increase, share price hikes

Ahram Online, Sunday 14 Aug 2011

Share price rises by 9.7 per cent

The board of Abou Kir Fertilisers and Chemical Industries approved a capital increase Thursday, raising paid-in capital to LE1.26 billion.

The capital increase will be achieved through a share dividend distribution, equivalent to two free shares for every three shares owned.

The biggest listed chemicals manufacturer’s share price hiked by 9.7 per cent in today’s trading session to reach LE236 per share.

Short link:

 

Also In Economy

# Egypt’s $40 bln foreign debt holdings: Renewed confidence or high-yield bet?
# Stocks fall on Wall Street as oil prices jump above $100 a barrel after the US war on Iran escalates
# Brent breaks $100 on Mideast flare-up, fanning inflation fears
# Egypt’s BOP deficit narrows to $1.8 bln in first 9 months of FY25/26
# SCZone chief, AIIB discuss cooperation in infrastructure projects
# Egypt's trade deficit widens by 58.5% year-on-year to $7.5 billion in June 2026: CAPMAS
# Egypt seeks deeper AIIB partnership to finance infrastructure, attract private investment
# Over 830,000 real estate units registered on tax app since launch: Minister
#