Arab Finance: Misr Duty Free Shops' extraordinary general assembly (EGM) agreed to raise the authorized capital from EGP 100 million to EGP 300 million, as per a disclosure.
Additionally, the assembly approved increasing the issued capital from EGP 13.75 million to EGP 150 million, a move that will be financed through the company’s existing reserves.
The assembly also approved amendments to Articles 6 and 7 of the company’s bylaws to align with the new capital structure.