Arab Finance: The Financial Regulatory Authority (FRA) agreed to the publication of Al Moasher for Programming and Information Dissemination’s (AMPI) disclosure form of the board’s decision to raise the issued capital, according to a statement filed to the Egyptian Exchange (EGX) on September 29^th.

The company’s board previously approved raising the issued capital to EGP 29.92 million from EGP 9.92 million by EGP 20 million distributed over 20 million shares at a nominal value of EGP 1 per share.

The upcoming ordinary general meeting (OGM) will discuss the capital hike.

Established in 2003, Al Moasher operates within the software and services sector focusing on application software.

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