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MOED’s OGM nods to capital increase

MOED’s OGM nods to capital increase

ArabFinance: The Egyptian Modern Education Systems (MOED) announced that its ordinary general meeting (OGM) has approved raising the company’s issued capital to EGP 100.5 million from EGP 96.43 million, according to a statement filed to the Egyptian Exchange (EGX).

The capital increase amounts to EGP 4.045 million and is expected to be carried out through the issuance of 40.645 million bonus shares at a par value of EGP 0.10 per share.

Established in 2001, Egyptian Modern Education Systems operates within the consumer services sector focusing on education services.

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