Egypt: Act Financial aims to raise investments to $124mln in 2024

Reuters/REUTERS

The company's share offering saw strong demand with total orders exceeding EGP 30 billion, 25% of which came from Arab and Gulf investors

Staff Writer, Arab Finance

July 31, 2024

PHOTO

Act Financial is planning to boost its investments to around EGP 6 billion by the end of 2024, CEO Basem Azab told Asharq Business.

The company's share offering saw strong demand with total orders exceeding EGP 30 billion, 25% of which came from Arab and Gulf investors, and over 40% from institutional requests.

Act Financial announced the completion of a capital increase totaling EGP 1.044 billion through the issuance of 360 shares, bringing its market capitalization to EGP 3.244 billion.

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