Arab Finance: Alexandria Container and Cargo Handling Company’s (ALCN) board of directors has approved increasing the authorized capital to EGP 2 billion from EGP 1 billion, as per a disclosure on May 2^nd.

The board also approved increasing the issued and paid-up capital from EGP 744.877 million to EGP 1.489 billion through the distribution of 1 bonus share for every ordinary share.

Alexandria Container is an Egypt-based company that specializes in containers and cargo handling in Egyptian ports.

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