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FRA says First Investment submits capital hike documents

FRA says First Investment submits capital hike documents

ArabFinance: Financial Regulatory Authority (FRA) said on May 02, First Investment Company and Real Estate Development (FIRE)  submitted its disclosure report to conduct procedures of issued and paid capital hike according to the article No. 48 provision of EGX listing rules.

The Company has intended to increase the capital to LE5.5 million from LE5 million with increase amounting to LE500,00. 

The capital increase will be financed from net profits ending December 2017. FRA added the documents will be reviewed.  

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04 Oct 2021
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