Egypt: Spinalex's EGM greenlights capital hike
The company will raise its capital by EGP 80.160 million distributed over 40.08 million shares, with a nominal value of EGP 2 per share.
The capital hike will be financed from the company's retained earnings per the period ended June 30th, 2024.
In the first half (H1) of fiscal year (FY) 2024/25, the EGX-listed firm's net profits plunged by 94% to EGP 4.152 million from EGP 73.709 million in H1 FY2023/24.
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