{"id":631137,"date":"2018-03-11T03:55:23","date_gmt":"2018-03-11T03:55:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/fra-approves-capital-increase-requests-from-mnhd-porto-group-eg-bank-naeem-holding\/"},"modified":"2018-03-11T03:55:23","modified_gmt":"2018-03-11T03:55:23","slug":"fra-approves-capital-increase-requests-from-mnhd-porto-group-eg-bank-naeem-holding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/fra-approves-capital-increase-requests-from-mnhd-porto-group-eg-bank-naeem-holding\/","title":{"rendered":"FRA approves capital increase requests from MNHD, Porto Group, EG Bank, Naeem Holding"},"content":{"rendered":"

The Financial Regulatory Authority (FRA) approved on Thursday EG Bank\u2019s request to raise its issued capital USD 22.5 mn to reach USD 365.3 mn, to be funded through its 2017 earnings, according to an EGX statement (pdf)<\/a>. The FRA also approved Naeem Holding\u2019s request<\/a> for a USD 21.9 mn capital increase to USD 240.4 mn; Madinet Nasr Housing Development\u2019s request<\/a> to increase its issued capital EGP 152.8 mn to EGP 1.15 bn through its 2017 earnings<\/a>; and Porto Group\u2019s request<\/a> to increase its issued capital EGP 100.3 mn to EGP 601.8 mn through its 2016 and 2017 profits.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Regulatory Authority (FRA) approved on Thursday EG Bank\u2019s request to raise its issued capital USD 22.5 mn to reach USD 365.3 mn, to be funded through its 2017 earnings, according to an EGX statement (pdf). The FRA also approved Naeem Holding\u2019s request for a USD 21.9 mn capital increase to USD 240.4 mn; […]<\/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":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631137","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6edc126f-5764-49e0-804c-741b82ac34d5","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"FRA approves capital increase requests from MNHD, Porto Group, EG Bank, Naeem Holding","related_issue":[631093],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.1838fbd4-3aee-4b5d-ab7b-b8230552eb00.mp3"},"yoast_head":"\nFRA approves capital increase requests from MNHD, Porto Group, EG Bank, Naeem Holding - 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\/2018\/03\/11\/fra-approves-capital-increase-requests-from-mnhd-porto-group-eg-bank-naeem-holding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA approves capital increase requests from MNHD, Porto Group, EG Bank, Naeem Holding\" \/>\n<meta property=\"og:description\" content=\"The Financial Regulatory Authority (FRA) approved on Thursday EG Bank\u2019s request to raise its issued capital USD 22.5 mn to reach USD 365.3 mn, to be funded through its 2017 earnings, according to an EGX statement (pdf). 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