EGX approves Sinai Cement’s EGP 680.5 mn capital increase

The EGX approved on Thursday Sinai Cement’s request to increase its issued capital to EGP 1.3 bn from EGP 680.5 mn, according to an EGX filing. The capital increase will be by financed through a rights issue to existing shareholders. The new shares will be added to the EGX database as of today.