Industrial Engineering Company for Construction and Development (CASE:ENGC) announced that it will issue 15,220,000 shares at issue price of EGP 4 per share for gross proceeds of EGP 60,880,000 on January 28, 2019. The company will issue common stocks in the transaction. Post completion of the transaction, the issued and paid-up share capital of the company will increase from EGP 424,107,000 to EGP 485,000,000. The transaction has been approved by the shareholders of the company.