{"id":636988,"date":"2017-11-06T03:49:08","date_gmt":"2017-11-06T03:49:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/"},"modified":"2017-11-06T03:49:08","modified_gmt":"2017-11-06T03:49:08","slug":"orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/","title":{"rendered":"Orange Egypt\u2019s board approves major capital increase through additional share issuance"},"content":{"rendered":"

Orange Egypt\u2019s board approves major capital increase through additional share issuance: <\/strong>Orange Egypt\u2019s board of directors approved a capital increase yesterday, according to a bourse disclosure<\/a>. 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 2 bn through a share issuance that will give priority to existing shareholders, with the subscription price set at the share\u2019s nominal value. Orange has sustained heavy losses<\/a> over the past year on the back of the EGP float, and rising inflation and interest rates, as well as the costs associated with the 4G rollout<\/a>.<\/p>\n

In related news, ASCOM Geology and Mining\u2019s board of directors <\/strong>also signed off<\/strong><\/a> on a EGP 250 mn capital increase<\/strong> to EGP 700 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orange Egypt\u2019s board approves major capital increase through additional share issuance: Orange Egypt\u2019s board of directors approved a capital increase yesterday, according to a bourse disclosure. 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 2 bn through a share […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636988","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7d0d6f8d-9565-4e5f-9650-87f40a495f2d","order":"0","is_powered_by":true,"section_story_id":"df244d77-307b-4112-9bb8-4ce5f6a4d890","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636980],"teaser":"","voice_url":""},"yoast_head":"\nOrange Egypt\u2019s board approves major capital increase through additional share issuance - 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\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange Egypt\u2019s board approves major capital increase through additional share issuance\" \/>\n<meta property=\"og:description\" content=\"Orange Egypt\u2019s board approves major capital increase through additional share issuance: Orange Egypt\u2019s board of directors approved a capital increase yesterday, according to a bourse disclosure. 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 2 bn through a share […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-06T03:49:08+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orange Egypt\u2019s board approves major capital increase through additional share issuance\",\"datePublished\":\"2017-11-06T03:49:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/orange-egypts-board-approves-major-capital-increase-through-additional-share-issuance\/\",\"name\":\"Orange Egypt\u2019s board approves major capital increase through additional share issuance - 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