EFG-Hermes Eyes Regulator’s Approval For Capital Hike

Egypt’s financial regulator – the Egyptian Financial Supervisory Authority (EFSA) announced that it has received a request from EFG-Hermes Holding (HRHO.CA) to hold ordinary and extraordinary general meetings.
The ordinary general meeting will look into increasing issued and paid-in capital through a bonus share distribution at EGP 477,903,750.
Meanwhile, the extraordinary general meeting (EGM) will discuss the amendment of articles No. 6 and 7 of Articles of Incorporation accordingly.