The board of directors of the Financial Regulatory Authority (FRA) issued Decree No. 196 of 2024, setting the minimum capital for Egypt-based insurance companies

The extraordinary general meeting (EGM) of Al Tawfeek Leasing Company (A.T. Lease) approved the board’s proposal to increase the company’s issued and paid-up capital to EGP 558.674 million from EGP 437.329 million

The Financial Regulatory Authority (FRA) has approved in principle for Egyptian Chemical Industries (KIMA) to invite senior shareholders to subscribe to the company’s rights issue.

The increase in El Obour Company for Real Estate Investment’s (OBRI) issued capital was subscribed at a coverage ratio of 88.26% of total offered shares, valuing at a total of EGP 101.096 million.

The Financial Regulatory Authority (FRA) has approved publishing the disclosure form submitted by Gadwa for Industrial Development’s (GDWA) board to raise issued and paid-up capital.

Edita Food Industries’ (EFID) extraordinary general meeting (EGM) has approved decreasing the company’s issued capital via writing off 23.045 million treasury shares at a par value of EGP 0.20 per share.

MB for Engineering and Contracting’s (MBEN) extraordinary general meeting (EGM) has approved increasing the firm’s issued and paid-up capital via rights issue.

Al Fanar for Contracting, Construction, Trade, Import, and Export Company’s (FNAR) extraordinary general meeting (EGM) has approved increasing its authorized capital to EGP 160 million.