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E-Finance BoD Approves 4% Capital Increase

The extraordinary general assembly of E-Finance (EFIH) has agreed to raise the company’s capital from EGP 888.8 million to EGP 924.4 million.

The 4% capital increase represents EGP 35.5 million to be distributed over 71.1 million shares at a par value of EGP 0.5/share.

The raised capital will go towards the company’s employee rewards & incentives program.

EFIH closed yesterday’s trading session up 3.09%.