Arab Finance: The Egyptian Exchange’s (EGX) Listing Committee has endorsed listing the issued and paid-up capital increase of MM Group for Industry and International Trade (MTI) of EGP 149.853 million via the issuance of 241.7 million bonus shares at a par value of EGP 0.62 per share, the EGX stated on August 23rd.

Accordingly, the capital increased to EGP 749.267 million from EGP 599.414 million.

Moreover, a 0.25-for-1 bonus share will be distributed to shareholders of record date August 23^rd.

The company’s shares will be listed after the capital increase on the EGX’s database, with a reference price for its shares, as of August 24th.

MTI is a leading distribution company that operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands such as Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.

TAWASOA for Factoring’s board proposes capital hike Updated 12/18/2025 12:28:00 PM

ADIB Egypt completes 1st capital increase subscription round with 98.54% coverage Updated 12/8/2025 9:58:00 AM

Atlas for Investment’s OGM approves EGP 50M capital raise Updated 12/3/2025 10:19:00 AM

MTI’s consolidated profits rise 28.12% YoY in 9 months Updated 11/16/2025 9:18:00 AM

Act Financial's board approves issued capital raise to EGP 285.6M Updated 11/9/2025 11:32:00 AM