Arab Finance: The Financial Regulatory Authority (FRA) has approved to publish the disclosure form regarding the approval of MM Group for Industry and International Trade’s (MTI) board to increase the company’s issued capital through the issuance of 241.7 million bonus shares at a par value of EGP 0.62 per share, the FRA stated on April 11^th.

Thus, the issued capital shall be increased by EGP 149.853 million to EGP 749.27 million from EGP 599.41 million.

MTI is one of the leading distribution companies by geographic coverage in Egypt, with access to more than 40,000 points of sale.

The Egyptian joint stock company operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands including Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.

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