El Kahera Housing’s EGM to discuss capital increase

Arab Finance: El Kahera Housing (ELKA.CA) announced that it will hold an EGM on March 23rd, 2008 to approve increasing the company's authorized capital to LE 1 billion, and increasing its paid in and issued capital from LE 15 million to LE 375 million, implying an increase of LE 360 million financed through the issuance of 60 million new shares at the name value, LE 5, in addition to an issuance premium to be set by the CMA.