Eastern Company’s board of directors has approved a decision to increase the company’s paid-in and issued capital by EGP 750 mn to EGP 2.25 bn, and EGP 1.5 bn to EGP 4.5 bn, respectively. The board agreed to raise capital through a bonus share issuance that will be funded through company reserves, the company announced yesterday. The decision will still be put to an EGM vote.

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