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Arab Union of Electrical Industries approves bonus shares
The Ordinary General Assembly of Arab Engineering Industries approved an increase in capital from 83.29 million EGP to 100 million EGP through the distribution of free shares totaling 17.21 million EGP. This represents approximately 45.89 million shares with a nominal value of 37.5 piasters per share. These distributions amount to roughly 20.66% of the capital, pending the approval of the Extraordinary Assembly and the completion of the necessary legal procedures. Additionally, the company's valuation report for the sale of the old factory was approved by Egypt for Management and Engineering Development Company.
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