Abu Dhabi Islamic Bank Egypt (ADIB) announced the completion of the first phase of subscription to its capital increase at a coverage ratio of 98.5446%, representing around 295.633 million shares.

CI Capital Asset Management, the asset management arm of CI Capital Holding and owned by Banque Misr, has closed subscriptions for its Sharia-compliant Gold Misr fund after recording coverage of more than 225%, as per an emailed press release.

Qalaa Holdings has completed its capital increase subscription, raising a total of EGP 12.03 billion across two phases, with an overall coverage ratio of 85.95%.

Beltone Holding has unveiled the results of the first round of its capital increase subscription.

The public offering of the United Bank on the Egyptian Exchange (EGX) has been oversubscribed by 59 times.

Rekaz Holding for Financial Investments will subscribe to Medcap Securities’ capital increase by 9.5%.

Memphis Pharmaceutical and Chemical Industries’ first phase of capital increase subscription has been covered by 93.78% at a total value of EGP 160.601 million.

The subscription to Act Financial's capital increase was 54.76 times covered through public placement, representing 3.286 billion shares, at a value of EGP 9.528 billion.

The subscription to Act Financial capital increase was 20.2 times covered through private investment, representing 6.056 billion shares, at a value of EGP 17.561 billion.

Cairo Oils and Soap’s (AMPI) capital increase subscription has been covered by 100%.

The Financial Regulatory Authority (FRA) has approved in principle for Egyptians for Housing and Development Company’s (EHDR) to invite senior shareholders to subscribe to the uncovered 31.532 million shares of its rights issue at a par value of EGP 0.27 per share.

Egyptians for Housing and Development Company’s (EHDR) first phase of capital increase subscription has been covered by 91.241% at a value of EGP 89.508 million.

The second phase of Egyptians for Investment and Urban Development’s (EIUD) rights issue was subscribed at a coverage ratio of 82.806 times at a value of EGP 252.792 million.

The Vortex Energy IV, affiliated with the Vortex Energy Company owned by the EFG Holding, has opened subscriptions to raise $300 million in a second close.

Al Moasher for Programming and Information Dissemination’s (AMPI) capital increase subscription has been covered by 100%.

The Egyptian International Pharmaceutical Industries Company’s (EIPICO) board of directors has approved inviting senior shareholders to subscribe to the capital increase of Medical Union Pharmaceuticals (MUP).

The second phase of the subscription to the Arab Dairy Products Company’s (Panda) capital increase has been covered at a ratio of 100%, representing 3.017 million shares.

Export Development Bank of Egypt’s (EBank) capital increase subscription has been covered by 99.3%, an equivalent of 99.348 million shares.

Beltone Financial Holding has concluded the largest capital increase ever in the history of the Egyptian Exchange (EGX) after the completion of subscription rounds of the EGP 10 billion rights issue of 5 billion new ordinary shares

The subscription to the Egyptian International Pharmaceutical Industries Company’s (EIPICO) capital increase was 86.21 times covered in the second phase.