Arab Finance: The Financial Regulatory Authority (FRA) has approved to publish the disclosure form regarding the approval of Alexandria Container and Cargo Handling Company’s board to increase the company’s authorized capital and issued and paid-up capital, the FRA stated.

Thus, the issued capital shall be increased by EGP 744.877 million to EGP 1.49 billion from EGP 744.877 million through the issuance of nearly 1.489 billion bonus shares at a par value of EGP 0.50 per share.

Additionally, the company’s authorized capital shall rise from EGP 1 billion to EGP 2 billion.

Alexandria Container is an Egypt-based company that specializes in containers and cargo handling in Egyptian ports.

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