The company's net profit for the period from 1/7/2024 to 31/12/2024 amounted to approximately 164 million Egyptian pounds, compared to 123 million Egyptian pounds for the same period (comparison), an increase of 34%, and compared to approximately 86 million Egyptian pounds over the target, an increase of 90%.

The company's total actual revenues amounted to approximately 402 million Egyptian pounds, compared to 350 million Egyptian pounds, an increase of 15% over the target, and compared to 423 million Egyptian pounds for the same period (comparison), a slight decrease of 5%.

The company's authorized capital is EGP 200 million, and the company's issued and paid-up capital is EGP 90 million, distributed over 18 million shares with a nominal value of EGP 5 per share, after the approval of the company's general assembly on 11/3/2024. The company then completed the financial and administrative procedures related to approving the capital increase referred to above with the Financial Regulatory Authority, the Egyptian Stock Exchange, and the Misr Clearing, Depository and Central Registry Company, and obtained the necessary approvals.

Egyptian General Warehouses announces the date of distributing free shares

Title: Egyptian General Warehouses (EGWA.CA) Company Statement Company Name: Egyptian General Warehouses International Identification Code: EGS42091C016Code

Cairo - Mubasher February 4, 2025: The Egyptian General Warehouses Company said that it was decided to distribute free shares resulting from the capital increase starting from Wednesday, February 12. The company explained in a disclosure today, Tuesday, that it was decided to distribute free shares at a rate of 2.6 shares for each original share before the increase. The Financial Regulatory Authority approved the publication of the disclosure report of the Egyptian General Warehouses Company - affiliated to the Holding Company for Maritime and Land Transport - regarding the procedures for increasing the capital. It includes increasing the authorized capital from EGP 50 million to EGP 200 million and increasing the issued and paid-up capital from EGP 25 million to EGP 90 million, an increase of EGP 65 million. The increase is distributed over 13 million shares with a nominal value of EGP 5 per share by distributing free shares financed from the legal reserve, other reserves and retained earnings according to the financial position on June 30, 2023.... Read more