Technology firm Raya Holding will distribute bonus shares in the ratio of 1:0.09 on September 15 for shareholders as of September 14.
This will increase the company’s paid up capital to LE 310.8 million from the current LE 284.9 million, Al-Alam Al-Youm reported.
Raya made a net profit of LE 20.4 million ($3.6 million) in the first half of 2010, the stock exchange said in a statement on Sunday. The company made a profit of LE 12.3 million in the same period a year earlier, the bourse said.
