Egypt's Torah Cement says to boost issued capital

CAIRO, June 11 (Reuters) - Torah Cement (TORA.CA), Egypt's second largest publicly-traded cement company by market value, agreed in a general assembly meeting to raise its issued capital by giving free shares, it said on Wednesday.

It would raise its capital to 357.6 million Egyptian pounds ($66.84 million), an addition of 119.3 million pounds, the company said in a statement on the stock exchange website. It said it would distribute 23.8 million free shares.

Egypt's market regulator agreed in May to a two-for-one split of Torah shares, reducing their nominal value to 5 pounds.

Torah Cement is a subsidiary of Suez Cement (SUCE.CA), which is itself majority-owned by Italy's Italcementi (ITAI.MI). ($1 = 5.35 Egyptian pounds) (Writing by Will Rasmussen; Editing by David Cowell)