ArabFinance: The Financial Regulatory Authority (FRA) has approved the publication of the disclosure form on the decision of Dice Sport and Casual Wear’s (DSCW) board of directors to increase the company’s capital, according to a statement filed to the Egyptian Exchange (EGX).

The board previously decided to raise the company’s authorized capital to EGP 500 million from EGP 300 million and to increase the issued and paid-up capital to EGP 371 million from EGP 106 million.

The issued and paid-up capital shall be raised by EGP 265 million distributed over 1.325 billion shares at a nominal value of EGP 0.20 per share.

 Dice is an Egypt-based company engaged in the casual wear garments and textile industry.

The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types, as well as other knitting products.