{"id":598060,"date":"2019-05-13T03:54:17","date_gmt":"2019-05-13T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/makasa-sport-to-increase-capital-by-egp-58-mn-list-on-egx\/"},"modified":"2019-05-13T03:54:17","modified_gmt":"2019-05-13T03:54:17","slug":"makasa-sport-to-increase-capital-by-egp-58-mn-list-on-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/makasa-sport-to-increase-capital-by-egp-58-mn-list-on-egx\/","title":{"rendered":"Makasa Sport to increase capital by EGP 58 mn, list on EGX"},"content":{"rendered":"

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<\/a>. Makasa Sport\u2019s capital will increase to EGP 100 mn from EGP 42 mn in 2Q2019, with an IPO expected to take place next year, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s capital will increase to EGP 100 mn from EGP 42 mn in 2Q2019, with an IPO expected to take place […]<\/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":[9298],"tags":[2372,68,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598060","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-egx","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4dea6d14-bfda-4e81-847a-7ab66714f599","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[598029],"teaser":"","voice_url":""},"yoast_head":"\nMakasa Sport to increase capital by EGP 58 mn, list on EGX - 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\/2019\/05\/13\/makasa-sport-to-increase-capital-by-egp-58-mn-list-on-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Makasa Sport to increase capital by EGP 58 mn, list on EGX\" \/>\n<meta property=\"og:description\" content=\"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. 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The increase will be financed by retained earnings and profits from\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593487,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/fra-approves-beltone-financial-capital-increase-to-pay-off-oih-debt\/","url_meta":{"origin":598060,"position":2},"title":"FRA approves Beltone Financial capital increase to pay off OIH debt","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has approved Beltone Financial\u2019s planned capital increase to EGP 898 mn from EGP 338 mn through a rights issue of 280 mn shares at EGP 2 apiece, according to a FRA disclosure to the EGX (pdf). The capital increase will allow Beltone to pay off\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573050,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/mcdr-to-offload-stake-in-makasa-sport-in-bid-to-focus-strategy\/","url_meta":{"origin":598060,"position":3},"title":"MCDR to offload stake in Makasa Sport in bid to focus strategy","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"M&A WATCH- MCDR to offload stake in Makasa Sport, apparently dropping IPO plans: Misr for Central Clearing, Depository and Registry (MCDR) has reportedly received offers from Emirati and Saudi businessmen and an unnamed Egyptian institution to purchase most or all of its 71% stake in Makasa Sport, according to Al\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593207,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/cib-applies-for-authorized-paid-in-capital-increase\/","url_meta":{"origin":598060,"position":4},"title":"CIB applies for authorized, paid-in capital increase","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"CIB submitted a request to the EGX on Monday to raise its authorized capital to 50 mn from 20 mn, and its paid-in capital to EGP 14.69 from 14.56 bn.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600525,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/","url_meta":{"origin":598060,"position":5},"title":"EGX approves issued capital increase for CIB, Orascom Development","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"The EGX has approved CIB\u2019s c.EGP 2.92 bn issued capital increase, according to a bourse statement (pdf). 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