Egypt: Rekaz to subscribe to Medcap Securities’ capital increase

Rekaz owns a 9.5% stake in Medcap

Staff Writer, Arab Finance

September 27, 2024

PHOTO

Egypt - Rekaz Holding for Financial Investments will subscribe to Medcap Securities’ capital increase by 9.5%, as per a disclosure by the Rekaz.

Rekaz stated that Medcap securities decided to raise its capital from EGP 21 million to EGP 26 million.

It is worth noting that Rekaz owns a 9.5% stake in Medcap.

Established in 2010, Rekaz’s activity covers trading in fertilizers as well as agricultural products and equipment, land reclamation and restoration, purchasing and selling properties, public trading and contracting, and import and export.

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