Cairo-Mubasher: NBK Capital kept the recommendation of Egypt Kuwait Holding at “Buy”, following the company’s announcement to increase the capital from $243.9 million to $256.1 million by issuing 48.7 million shares.

The new shares will be issued at a price of $0.25, and will be funded by the company’s retained earnings as of December 2014.

NBK Capital had preserved the fair value of the stock at $1.13.