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The Listing Committee of the Egyptian Exchange (EGX) has approved the listing of shares resulting from the paid-in and issued capital increase of Mohandes Insurance, raising the company’s capital from EGP 500 million to EGP 650 million, an increase of EGP 150 million.

The capital increase will be executed through the issuance of 60 million bonus shares, with a nominal value of EGP 2.5 per share, distributed at a ratio of 0.3 bonus shares for each original share held prior to the increase.

The EGX clarified that the capital increase is financed through shareholders’ retained earnings and legal reserves, based on the company’s financial statements for the fiscal year ending December 31, 2024. The right to receive the bonus shares will be granted to shareholders who purchase the stock up to the end of the trading session on the entitlement date.

The Listing Committee also approved an amendment to the company’s fiscal year, which will now run from January 1 to December 31, following changes to Article (55) of the company’s articles of association.

The Exchange decided to list the company’s shares after the bonus issue on its database and set a reference price starting from the beginning of the trading session on Monday, January 12, 2026, bringing the total number of listed shares to 260 million shares.

In this context, the EGX stressed the importance of full compliance with Article (26) of the Listing Rules and their executive regulations going forward. The committee also imposed a financial penalty of EGP 10,000 on the company for violating listing procedures related to corporate amendments.