Cairo – Mubasher: The shareholders of Egyptians for Housing and Development Co. (EHDR) approved a bonus issue worth EGP 24 million.  

Accordingly, the company’s issued capital will be raised to EGP 264 million from EGP 240 million, according to a bourse disclosure on Tuesday.

The capital will be distributed over 1.05 billion shares at a value of EGP 0.25 apiece.

During the first nine months of 2020, the company achieved net profits of EGP 11.32 million, down from EGP 28.74 million in the corresponding period a year earlier, including minority shareholders’ rights.