The EGX has approved CIB’s c.EGP 2.92 bn issued capital increase, according to a bourse statement (pdf). The EGX also signed off on a EGP 22.16 mn issued capital increase for Orascom Development Egypt (pdf) and a EGP 500 mn authorized capital increase by 500 mn for Oriental Weavers (pdf).
More from Enterprise
CBE tightens oversight on NBFIs banking amid debate
The move comes amid a growing debate over the rapid…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
Beltone opens subscriptions for Egypt’s first silver fund today, plans five more funds
The fund invests directly in physical silver
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…