{"id":600525,"date":"2019-01-31T04:03:39","date_gmt":"2019-01-31T04:03:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/"},"modified":"2019-01-31T04:03:39","modified_gmt":"2019-01-31T04:03:39","slug":"egx-approves-issued-capital-increase-for-cib-orascom-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/","title":{"rendered":"EGX approves issued capital increase for CIB, Orascom Development"},"content":{"rendered":"<p>The EGX has approved CIB\u2019s c.EGP 2.92 bn issued capital increase, according to <a href=\"https:\/\/ent.news\/2019\/1\/2150.png\">a bourse statement (pdf)<\/a>. The EGX also signed off on a EGP 22.16 mn issued capital increase for <a href=\"https:\/\/ent.news\/2019\/1\/2315.png\">Orascom Development Egypt (pdf)<\/a> and a EGP 500 mn authorized capital increase by 500 mn for <a href=\"https:\/\/ent.news\/2019\/1\/1613.png\">Oriental Weavers (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGX has approved CIB\u2019s 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).<\/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":[204,2372,130,72,7087,131,83,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600525","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-construction","tag-enterpriseam","tag-finance","tag-manufacturing","tag-real-estate","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"dc036eb7-466e-4049-bef4-55538ff1b249","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600491],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGX approves issued capital increase for CIB, Orascom Development - 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\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX approves issued capital increase for CIB, Orascom Development\" \/>\n<meta property=\"og:description\" content=\"The EGX has approved CIB\u2019s 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).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-31T04:03:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX approves issued capital increase for CIB, Orascom Development\",\"datePublished\":\"2019-01-31T04:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\"},\"wordCount\":57,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"construction\",\"EnterpriseAM\",\"Finance\",\"Manufacturing\",\"real estate\",\"textiles\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\",\"name\":\"EGX approves issued capital increase for CIB, Orascom Development - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-01-31T04:03:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGX approves issued capital increase for CIB, Orascom Development\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EGX approves issued capital increase for CIB, Orascom Development - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/","og_locale":"en_US","og_type":"article","og_title":"EGX approves issued capital increase for CIB, Orascom Development","og_description":"The EGX has approved CIB\u2019s 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).","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-01-31T04:03:39+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGX approves issued capital increase for CIB, Orascom Development","datePublished":"2019-01-31T04:03:39+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/"},"wordCount":57,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["banking","BANKING + FINANCE","construction","EnterpriseAM","Finance","Manufacturing","real estate","textiles"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/","name":"EGX approves issued capital increase for CIB, Orascom Development - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-01-31T04:03:39+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egx-approves-issued-capital-increase-for-cib-orascom-development\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGX approves issued capital increase for CIB, Orascom Development"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":593487,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/fra-approves-beltone-financial-capital-increase-to-pay-off-oih-debt\/","url_meta":{"origin":600525,"position":0},"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 &quot;Banking + Finance&quot;","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":598319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/fra-approves-marseilia-groups-egp-12-mn-capital-increase\/","url_meta":{"origin":600525,"position":1},"title":"FRA approves Marseilia Group\u2019s EGP 12 mn capital increase","author":"enterpriseam admin","date":"21 May 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has approved the EGP 12 mn capital increase of real estate company Marseilia Group, according to an EGX disclosure (pdf). The company will raise its capital to EGP 72 mn by issuing 1-for-5 shares. The increase will be financed by retained earnings and profits from\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":598060,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/makasa-sport-to-increase-capital-by-egp-58-mn-list-on-egx\/","url_meta":{"origin":600525,"position":2},"title":"Makasa Sport to increase capital by EGP 58 mn, list on EGX","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":598891,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/","url_meta":{"origin":600525,"position":3},"title":"Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of 2019, the company said in an EGX disclosure (pdf). The company aims to use the credit increase to finance SMEs, it added, without providing further details.","rel":"","context":"In &quot;Banking + Finance&quot;","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":575014,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/29\/nbe-provides-ibn-sina-pharma-with-a-egp-250-mn-short-term-credit-facility\/","url_meta":{"origin":600525,"position":4},"title":"NBE provides Ibn Sina Pharma with a EGP 250 mn short-term credit facility","author":"enterpriseam admin","date":"29 September 2020","format":false,"excerpt":"The National Bank of Egypt will increase the size of Ibnsina Pharma\u2019s short-term credit facility to EGP 250 mn to fund working capital, according to an EGX filing (pdf).","rel":"","context":"In &quot;Banking + Finance&quot;","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":625818,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/obour-land-applies-for-egp-400-mn-capital-increase\/","url_meta":{"origin":600525,"position":5},"title":"Obour Land applies for EGP 400 mn capital increase","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"Obour Land has submitted a request to the Financial Regulatory Authority (FRA) to increase its issued capital to EGP 400 mn from EGP 200 mn, according to an EGX filing (pdf).","rel":"","context":"In &quot;Banking + Finance&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600525"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600525\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600491"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600525"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600525"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}