{"id":554638,"date":"2021-11-01T13:35:56","date_gmt":"2021-11-01T13:35:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/e-finance-looks-at-new-rights-issue-to-shareholders\/"},"modified":"2021-11-01T13:35:56","modified_gmt":"2021-11-01T13:35:56","slug":"e-finance-looks-at-new-rights-issue-to-shareholders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/e-finance-looks-at-new-rights-issue-to-shareholders\/","title":{"rendered":"e-Finance looks at new rights issue to shareholders"},"content":{"rendered":"

<\/a> MARKET NEWS- State-owned fintech firm e-Finance\u2019s board of directors greenlit a EGP 2.49 bn<\/strong> capital increase through a rights issue to shareholders<\/strong>, according to the company\u2019s disclosure to the EGX (pdf)<\/a>. The increase would be used in part to finance an employee incentive program. The decision requires sign-off from the company\u2019s general assembly. e-Finance debuted on the EGX in a blockbuster IPO<\/a> that saw the firm raise EGP 5.8 bn.<\/p>\n

THE MARKET ROUNDUP-<\/strong><\/p>\n

The EGX30 rose 1.3% at today\u2019s close<\/strong> on turnover of EGP 1.3 bn (15.1% below the 90-day average). Foreign investors were net sellers. The index is up 6.7% YTD.<\/p>\n

In the green: <\/strong>Raya Holding (+6.4%), Qalaa Holding (+6%) and EKH-EGP (+3.9%).<\/p>\n

In the red: <\/strong>Pioneers Properties (-3.5%), Egyptian Resorts Company (-3.2%) and Mopco (-3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

MARKET NEWS- State-owned fintech firm e-Finance\u2019s board of directors greenlit a EGP 2.49 bn capital increase through a rights issue to shareholders, according to the company\u2019s disclosure to the EGX (pdf). The increase would be used in part to finance an employee incentive program. The decision requires sign-off from the company\u2019s general assembly. e-Finance debuted […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[339,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554638","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-e-finance","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"5004d00f-372b-4317-8ffc-02434644962d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[554630],"teaser":"","voice_url":""},"yoast_head":"\ne-Finance looks at new rights issue to shareholders - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/e-finance-looks-at-new-rights-issue-to-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e-Finance looks at new rights issue to shareholders\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- State-owned fintech firm e-Finance\u2019s board of directors greenlit a EGP 2.49 bn capital increase through a rights issue to shareholders, according to the company\u2019s disclosure to the EGX (pdf). 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