Arab Finance: The General Company for Silos and Storage’s (GSSC) extraordinary general meeting (EGM) has approved raising the firm’s issued and paid-up capital by EGP 50 million, according to a filing on August 30^th.

Thus, the capital shall increase to EGP 175 million from EGP 125 million.

The capital hike of EGP 50 million is distributed over 5 million shares at a nominal value of EGP 10 per share.

GSSC is an EGX-listed company that is primarily involved in the manufacture, trade, import, export, storage, package, and distribution of different types of grain and its derivatives, foodstuff, and yeast, as well as animal feed and its components.

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