The distribution is in accordance with the resolutions adopted at the Extraordinary General Assembly meeting on April 16, 2025, and the Ordinary General Assembly meeting on March 28, 2024.
The chairman or CEO is also empowered to represent the company in legal matters and dealings with third parties.
The company’s authorized capital will remain unchanged at US$7 million, while the issued capital will double, increasing the number of shares to 1,400,027,312, each with a nominal value of EGP 0.20 (US$0.004).