Ramy Sameeh wrote:
Tamer Amin, Investor Relations Manager at Marseilia Almasreia Alkhalegeya For Holding Investment said that his company began the procedures of obtaining required official approvals on the minutes of the ordinary and extraordinary general meetings. These minutes include the increase of issued capital to EGP 40 million through 3-for-5 bonus share distribution.
In a statement to Mubasher, Amin expected receiving the approvals of General Authority for Investment and Free Zones (GAFI) and The Egyptian Financial Supervisory Authority (EFSA) within a month. He also forecasted the steps of bonus share distribution to be completed in 45 days maximum.