The capital will be raised by EGP 25.62 million through the issuance of 5.12 million shares at a nominal value of EGP 5 apiece to be financed through a rights issue, the FRA said in a statement to the Egyptian Exchange (EGX) on Sunday.
The company's extraordinary general meeting (EGM) will convene on 25 August to discuss the capital increase decision.
During the first quarter (Q1) of 2021, the company recorded net losses of EGP 2.54 million, versus net profits of EGP 4.04 million in Q1-20.
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).