{"id":602852,"date":"2019-04-08T03:50:28","date_gmt":"2019-04-08T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/"},"modified":"2019-04-08T03:50:28","modified_gmt":"2019-04-08T03:50:28","slug":"midor-looks-to-expand-paid-in-capital-by-usd-800-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/","title":{"rendered":"MIDOR looks to expand paid-in capital by USD 800 mn"},"content":{"rendered":"

The Middle East Oil Refinery (MIDOR) aims to increase its paid-in capital by USD 800 mn to finance expansion plans, a company official said<\/a>. The company aims to draw USD 200 mn from shareholders within two months and raise the rest gradually to expand its refinery plant, which is expected to attract USD 2.3 bn in investments. The Egyptian General Petroleum Corporation (EGPC) owns 78% of MIDOR.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Middle East Oil Refinery (MIDOR) aims to increase its paid-in capital by USD 800 mn to finance expansion plans, a company official said. The company aims to draw USD 200 mn from shareholders within two months and raise the rest gradually to expand its refinery plant, which is expected to attract USD 2.3 bn […]<\/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":[9315],"tags":[93,72,4459,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602852","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-energy","tag-enterpriseam","tag-midor","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"0af9ee65-ecc4-426c-82c6-bfd26e5496c6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602817],"teaser":"","voice_url":""},"yoast_head":"\nMIDOR looks to expand paid-in capital by USD 800 mn - 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\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDOR looks to expand paid-in capital by USD 800 mn\" \/>\n<meta property=\"og:description\" content=\"The Middle East Oil Refinery (MIDOR) aims to increase its paid-in capital by USD 800 mn to finance expansion plans, a company official said. The company aims to draw USD 200 mn from shareholders within two months and raise the rest gradually to expand its refinery plant, which is expected to attract USD 2.3 bn […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-08T03:50:28+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\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MIDOR looks to expand paid-in capital by USD 800 mn\",\"datePublished\":\"2019-04-08T03:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/\"},\"wordCount\":72,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"MIDOR\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/08\/midor-looks-to-expand-paid-in-capital-by-usd-800-mn\/\",\"name\":\"MIDOR looks to expand paid-in capital by USD 800 mn - 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Midor plans to use the loan to finance its crude oil imports and their working capital.","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":571806,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/","url_meta":{"origin":602852,"position":1},"title":"Suez Canal Bank completes USD 30.6 mn stake sale of Midor","author":"enterpriseam admin","date":"1 June 2020","format":false,"excerpt":"M&A WATCH- The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East Oil Refinery (Midor) to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy. 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