Canal Shipping Agencies’ board nods to capital increase

Updated 10/2/2023 9:57:00 AM
Canal Shipping Agencies’ board nods to capital increase

Arab Finance: Canal Shipping Agencies’ (CSAG) board of directors has agreed to raise the firm’s capital from EGP 200 million to EGP 300 million, as per a disclosure on October 2nd.

Canal Shipping is a subsidiary of the Holding Company for Maritime and Land Transport that provides marine port services and shipping services to international commercial fleets.

The company operates four agencies, namely Aswan Shipping Agency, Assuit Shipping Agency, El Menia Shipping Agency, and Damanhour Shipping Agency.

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