Makasa Sport to increase capital by EGP 58 mn, list on EGX

Makasa Sport is undergoing a capital increase as a preliminary step to listing on the Egyptian Exchange (EGX), Mohamed Abdel Salam, president of Misr Clearing Company and Central Depository, told the local press. Makasa Sport’s capital will increase to EGP 100 mn from EGP 42 mn in 2Q2019, with an IPO expected to take place next year, he said.