Cairo Oils’ capital increase shares subscribed by 78.5%
Updated 4/27/2022 1:48:00 PMArabFinance: Cairo Oils and Soap (COSG) announced that the first phase of subscription in the company’s capital increase shares has collected EGP 153.076 million, with a coverage ratio of 78.5%, according to a filing to the Egyptian Exchange (EGX) on Wednesday.
Investors subscribed in 1.531 billion shares at a nominal value of EGP 0.1.
The company will invite senior shareholders to subscribe in the remaining 419.234 million shares in the second phase of subscription.
Cairo Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export, and distribution of different types of seeds for the production of oil and soap.
The company primarily uses cotton seeds and soya beans for processing and producing cooking oil, soap, and detergent products under several brands.
