{"id":634725,"date":"2018-01-22T04:10:03","date_gmt":"2018-01-22T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/"},"modified":"2018-01-22T04:10:03","modified_gmt":"2018-01-22T04:10:03","slug":"fra-approves-samcretes-capital-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/","title":{"rendered":"FRA approves Samcrete's capital increase"},"content":{"rendered":"

The Financial Regulatory Authority (FRA) approved yesterday Samcrete\u2019s request to increase its issued capital to EGP 230.46 mn from EGP 69 mn, according to a bourse disclosure<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Regulatory Authority (FRA) approved yesterday Samcrete\u2019s request to increase its issued capital to EGP 230.46 mn from EGP 69 mn, according to a bourse disclosure.<\/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-634725","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"358b0133-aa6d-4847-9b32-8125db920c93","order":"0","is_powered_by":true,"section_story_id":"54b4be76-c974-45ca-96af-adf89de46b7d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634686],"teaser":"","voice_url":""},"yoast_head":"\nFRA approves Samcrete's capital increase - 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\/01\/22\/fra-approves-samcretes-capital-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA approves Samcrete's capital increase\" \/>\n<meta property=\"og:description\" content=\"The Financial Regulatory Authority (FRA) approved yesterday Samcrete\u2019s request to increase its issued capital to EGP 230.46 mn from EGP 69 mn, according to a bourse disclosure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-22T04:10:03+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\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA approves Samcrete's capital increase\",\"datePublished\":\"2018-01-22T04:10:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/\"},\"wordCount\":32,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/fra-approves-samcretes-capital-increase\/\",\"name\":\"FRA approves Samcrete's capital increase - 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The FRA also approved Naeem Holding\u2019s request for a USD 21.9 mn capital\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":625818,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/obour-land-applies-for-egp-400-mn-capital-increase\/","url_meta":{"origin":634725,"position":1},"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 "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":598319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/fra-approves-marseilia-groups-egp-12-mn-capital-increase\/","url_meta":{"origin":634725,"position":2},"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 "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":634725,"position":3},"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":633006,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/tharwa-capital-requests-fra-approval-for-phds-egp-350-mn-securitized-bonds-issuance\/","url_meta":{"origin":634725,"position":4},"title":"Tharwa Capital requests FRA approval for PHD\u2019s EGP 350 mn securitized bonds issuance","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Tharwa Capital has requested approval from the Financial Regulatory Authority (FRA) for Palm Hills Developments\u2019 (PHD) EGP 300-350 mn securitized bonds issuance, Tharwa Managing Director Ayman El Sawy tells Al Borsa. PHD had decided last year to delay the issuance until after interest rates drop, and was considering upping the\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":630204,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/15\/phd-expected-to-issue-egp-560-mn-in-securitized-bonds-this-month\/","url_meta":{"origin":634725,"position":5},"title":"PHD expected to issue EGP 560 mn in securitized bonds this month","author":"enterpriseam admin","date":"15 April 2018","format":false,"excerpt":"Sarwa Capital is expected to complete a EGP 560 mn securitized bond issuance for Palm Hills Development (PHD) this month, according to Sarwa Managing Director Ayman El Sawy. 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