The Extraordinary General Assembly approved the capital increase from EGP 210 million to EGP 360 million, an increase of EGP 150 million, with 74.92% of the votes cast.
The increase will be implemented through the issuance of 150
million shares with a par value of EGP 1 per share via a rights issue allocated
to existing shareholders. Subscription rights will be tradable separately from
the original shares in line with applicable regulations.
The company clarified that the subscription will be limited
to current shareholders to preserve their proportional ownership. The tradable
rights provide investors with greater flexibility in managing their portfolios.
Nasr for Civil Works Company stressed that the capital
increase is part of its efforts to bolster its financial position and enhance
financing capacity. The move will enable the company to expand its ongoing and
future projects and achieve sustainable growth in the coming period.