ArabFinance: Reacap Financial Investments Company (REAC) incurred a standalone net loss of EGP 750,639 in Quarter one (Q1) of 2020, compared to posting a net profit of EGP 47,750,252 achieved in Q1 2019, according to a June 11th financial statements filed to the Egyptian Exchange.
On April 15th, the company's extraordinary general meeting (EGM) ratified the capital increase from EGP 530,937,870 to EGP 557,484,765.
It approved increasing issued and paid-up capital by EGP 26,546,895. The increase will be distributed over 5,309,379 shares at par value of EGP 5 per share.
Reacap, formerly Recap Holding, is an Egypt-based company engaged in the provision of portfolio and fund management services.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
