Orange successfully completes capital increase to EGP 16.4 bn: Orange Egypt’s capital increase was 99.49% subscribed when it closed on Sunday, the company said in a bourse filing yesterday. The transaction brings its total issued capital to EGP 16.4 bn from EGP 1 bn in compliance with new listing requirements that could have otherwise forced it out of the EGX. The company received regulatory approval in December, a month after the board of directors signed off on the move — which also brings authorized capital up to EGP 20 bn from EGP 2 bn.

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