The company would increase its issued and paid-up capital by EGP 50 million from EGP 100 million to EGP 150 million. It issued 10 million shares at par value of EGP 5 per share with issuance outlays of EGP 0.05.

The shareholders on record of July 19th will be entitled to participate with 50% of their stake in the capital increase.

The subscription will last for one month, starting July 22nd until the ending of the trading session on August 25th, however, the rights issue will be traded separately from the original shares from July 22nd until the ending of the August 20th trading session.