{"id":550582,"date":"2022-04-07T13:23:15","date_gmt":"2022-04-07T13:23:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/"},"modified":"2022-04-07T13:23:15","modified_gmt":"2022-04-07T13:23:15","slug":"efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/","title":{"rendered":"EFG Hermes to distribute EGP 973 mn-worth of bonus shares"},"content":{"rendered":"

MARKET NEWS-<\/strong><\/p>\n

EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus<\/strong> shares <\/strong>at a rate of one bonus share per every five existing shares, according to an EGX disclosure (pdf)<\/a>.<\/p>\n

MARKET ROUNDUP- <\/strong><\/p>\n

The EGX30 fell 2.2% at today\u2019s close<\/strong> on turnover of EGP 992.89 mn (2.5% above the 90-day average). Foreign investors were net sellers. The index is down 7.1% YTD.<\/p>\n

In the green: <\/strong>Rameda (+3.1%), CIRA (+1.2%) and Orascom Development Egypt (+0.7%).<\/p>\n

In the red: <\/strong>Mopco (-10.3%), Fawry (-6.0%) and MM Group (-5.4%).<\/p>\n","protected":false},"excerpt":{"rendered":"

MARKET NEWS- EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus shares at a rate of one bonus share per every five existing shares, according to an EGX disclosure (pdf). MARKET ROUNDUP- The EGX30 fell 2.2% at today\u2019s close on turnover of EGP 992.89 mn (2.5% above the 90-day […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[84,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550582","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-efg-hermes","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"37a28fdb-e17b-4f29-a8b0-c7ad0f973a07","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550573],"teaser":"","voice_url":""},"yoast_head":"\nEFG Hermes to distribute EGP 973 mn-worth of bonus shares - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/efg-hermes-to-distribute-egp-973-mn-worth-of-bonus-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes to distribute EGP 973 mn-worth of bonus shares\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- EFG Hermes will increase its issued capital by over EGP 973 mn by distributing bonus shares at a rate of one bonus share per every five existing shares, according to an EGX disclosure (pdf). 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This came on the back of a 73% y-o-y increase in sales to EGP 12.26 bn.Al Baraka Bank Egypt will increase\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564241,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/fawry-completes-egp-1-2-bn-follow-on-share-sale\/","url_meta":{"origin":550582,"position":2},"title":"Fawry completes EGP 1.2 bn follow-on share sale","author":"enterpriseam admin","date":"18 August 2021","format":false,"excerpt":"Fawry completes EGP 1.2 bn follow-on share sale: Several shareholders in Egypt\u2019s leading e-payments firm Fawry have sold a 4.3% stake in the company in a follow-on share sale on the EGX, the bourse and transaction advisor EFG Hermes (pdf) said this morning. 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