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Misr National Steel gets FRA approval to increase its capital

Misr National Steel gets FRA approval to increase its capital

ArabFinance: Financial Regulatory Authority (FRA) approved on May 03, publishing Misr National Steel's - Ataqa - (ATQA) disclosure report to conduct procedures of issued and paid capital hike according to the article No. 48 provision of EGX listing rules.

Upon the Board of Directors resolution that held on April 17, 2018, regarding hiking the issued and paid capital to LE300 million from LE150 million, with the increase amounting to LE150 million.

The capital hike will be distributed over 30 million shares with the par value worth LE5 per share net profits according to financial statements for the fiscal year ending December 31, 2017.

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