{"id":635596,"date":"2017-12-07T04:11:33","date_gmt":"2017-12-07T04:11:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/"},"modified":"2017-12-07T04:11:33","modified_gmt":"2017-12-07T04:11:33","slug":"fra-approves-oranges-capital-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/","title":{"rendered":"FRA approves Orange\u2019s capital increase"},"content":{"rendered":"<p>The Financial Regulatory Authority (FRA) approved Orange Egypt\u2019s capital increase to EGP 16.4 bn from EGP 1 bn, <a href=\"http:\/\/www.almalnews.com\/Story\/355863\/11\/%D8%A7%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%B1%D8%A3%D8%B3%D9%85%D8%A7%D9%84-%D8%A3%D9%88%D8%B1%D9%86%D8%AC-\">according to Al Borsa<\/a>. The ex-rights date has been set for end of trading on 24 December. The company <a href=\"https:\/\/enterprise.press\/stories\/2017\/12\/05\/orange-egypts-egm-approves-capital-increase-to-egp-16-4-bn\/\">approved the capital increase<\/a> in their EGM on 4 December. Orange has also appointed Grant Thornton to conduct a fair value study, which concludes on 21 December, at the request of the FRA following a rally in their stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 appointed Grant Thornton to conduct [&hellip;]<\/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":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635596","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"cb9b0ecc-edfb-43fe-92b0-adfff25e8ee3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635559],"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>FRA approves Orange\u2019s 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\/2017\/12\/07\/fra-approves-oranges-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 Orange\u2019s capital increase\" \/>\n<meta property=\"og:description\" content=\"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 appointed Grant Thornton to conduct [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-07T04:11:33+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\/2017\/12\/07\/fra-approves-oranges-capital-increase\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA approves Orange\u2019s capital increase\",\"datePublished\":\"2017-12-07T04:11:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/\"},\"wordCount\":78,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Telecoms + ICT\"],\"articleSection\":[\"Telecoms + ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/\",\"name\":\"FRA approves Orange\u2019s capital increase - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-07T04:11:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/fra-approves-oranges-capital-increase\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FRA approves Orange\u2019s capital increase\"}]},{\"@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":"FRA approves Orange\u2019s capital increase - 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\/2017\/12\/07\/fra-approves-oranges-capital-increase\/","og_locale":"en_US","og_type":"article","og_title":"FRA approves Orange\u2019s capital increase","og_description":"The Financial Regulatory Authority (FRA) approved Orange Egypt\u2019s capital increase to EGP 16.4 bn from EGP 1 bn, according to Al Borsa. 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The company\u2019s board had signed off on the move early last month.","rel":"","context":"In &quot;Telecoms + ICT&quot;","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":594983,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/telecom-egypt-to-begin-working-on-egp-40-bn-new-capital-it-network\/","url_meta":{"origin":635596,"position":1},"title":"Telecom Egypt to begin working on EGP 40 bn new capital IT network","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"Telecom Egypt (TE) will begin working on a EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications network in the new administrative capital, cabinet said in a statement. TE will build and operate the city\u2019s tech and digital security infrastructure under an agreement signed between the state-owned\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","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":635596,"position":2},"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. The new shares will be added to\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","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":595198,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/18\/te-to-complete-work-on-govt-district-in-nac-by-end-of-1h2020\/","url_meta":{"origin":635596,"position":3},"title":"TE to complete work on gov\u2019t district in NAC by end of 1H2020","author":"enterpriseam admin","date":"18 September 2019","format":false,"excerpt":"State-owned landline monopoly Telecom Egypt (TE) expects to complete telecommunication services for the new administrative capital\u2019s government district by the end of 1H2020, CEO Adel Hamed said, according to Mubasher. TE began working last week on an EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications network\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","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":635596,"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 &quot;Telecoms + ICT&quot;","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":597114,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/govt-offers-250-feddan-to-the-private-sector-in-egypts-planned-knowledge-city\/","url_meta":{"origin":635596,"position":5},"title":"Gov\u2019t offers 250 feddan to the private sector in Egypt\u2019s planned Knowledge City","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"The CIT Ministry is offering 250 feddans to private investors in the new capital\u2019s knowledge city, which is planned to house headquarters of tech majors operating in Egypt, reports Youm7. 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