{"id":635056,"date":"2018-01-31T04:19:56","date_gmt":"2018-01-31T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/"},"modified":"2018-01-31T04:19:56","modified_gmt":"2018-01-31T04:19:56","slug":"orange-successfully-completes-capital-increase-to-egp-16-4-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/","title":{"rendered":"Orange successfully completes capital increase to EGP 16.4 bn"},"content":{"rendered":"

Orange successfully completes capital increase to EGP 16.4 bn: Orange Egypt\u2019s capital increase was 99.49% subscribed when it closed on Sunday, the company said in a bourse filing yesterday<\/a>. The transaction brings its total issued capital to EGP 16.4 bn from EGP 1 bn in compliance with new listing requirements that could have otherwise forced it out of the EGX. The company received regulatory approval in December<\/a>, a month after the board of directors signed off on the move<\/a> \u2014 which also brings authorized capital up to EGP 20 bn from EGP 2 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orange successfully completes capital increase to EGP 16.4 bn: Orange Egypt\u2019s capital increase was 99.49% subscribed when it closed on Sunday, the company said in a bourse filing yesterday. The transaction brings its total issued capital to EGP 16.4 bn from EGP 1 bn in compliance with new listing requirements that could have otherwise forced […]<\/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":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635056","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"581426e5-e68b-4b5a-b192-85b1ebecb9e0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Orange successfully completes capital increase to EGP 16.4 bn","related_issue":[635018],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ad271b3e-ad96-408e-8e62-a5d8f3e22d86.mp3"},"yoast_head":"\nOrange successfully completes capital increase to EGP 16.4 bn - 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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange successfully completes capital increase to EGP 16.4 bn\" \/>\n<meta property=\"og:description\" content=\"Orange successfully completes capital increase to EGP 16.4 bn: Orange Egypt\u2019s capital increase was 99.49% subscribed when it closed on Sunday, the company said in a bourse filing yesterday. The transaction brings its total issued capital to EGP 16.4 bn from EGP 1 bn in compliance with new listing requirements that could have otherwise forced […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-31T04:19:56+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\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orange successfully completes capital increase to EGP 16.4 bn\",\"datePublished\":\"2018-01-31T04:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/orange-successfully-completes-capital-increase-to-egp-16-4-bn\/\",\"name\":\"Orange successfully completes capital increase to EGP 16.4 bn - 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The company\u2019s board had signed off on the move early last month.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633182,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/egx-approves-oranges-egp-15-4-capital-increase\/","url_meta":{"origin":635056,"position":1},"title":"EGX approves Orange\u2019s EGP 15.4 capital increase","author":"enterpriseam admin","date":"28 February 2018","format":false,"excerpt":"The EGX listing committee approved yesterday Orange\u2019s request to increase its issued capital to EGP 16.4 bn from EGP 1 bn, according to an EGX filing. The EGP 15.4 bn capital increase will be by financed through a rights issue to existing shareholders. 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The telco will be raising issued capital to EGP 16.4 bn from EGP 1 bn, and authorized capital to EGP 20 bn from EGP\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":635596,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/","url_meta":{"origin":635056,"position":3},"title":"FRA approves Orange\u2019s capital increase","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"The Financial Regulatory Authority (FRA) approved Orange Egypt\u2019s capital increase to EGP 16.4 bn from EGP 1 bn, according to Al Borsa. The ex-rights date has been set for end of trading on 24 December. The company approved the capital increase in their EGM on 4 December. Orange has also\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634265,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/","url_meta":{"origin":635056,"position":4},"title":"Orange to buy back its shares if its capital increase does not meet EGX requirements","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"Orange Egypt will buy up its own shares at fair value if its capital increase does not meet EGX requirements and the bourse forces it to delist, the company said in a statement to the bourse. The company is still studying its planned additional share issuance to ensure its compliance\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565298,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/earnings-watch-b-investments-glaxosmithkline\/","url_meta":{"origin":635056,"position":5},"title":"Earnings Watch: B Investments, GlaxoSmithKline","author":"enterpriseam admin","date":"31 March 2021","format":false,"excerpt":"The EGX30 fell 1.6% at today\u2019s close on turnover of EGP 1.21 bn (16.4% below the 90-day average). Foreign investors were net sellers. 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