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Modern Education Systems Oks capital increase to EGP 127M

Modern Education Systems Oks capital increase to EGP 127M

ArabFinance: Egyptian Modern Education Systems Company’s (MOED) ordinary general meeting (OGM) approved increasing issued and paid-up capital to reach EGP 126.86 million up from EGP 42 million, according to a bourse filing Wednesday.

The capital will be increased for the financial needs of building the international educational building, to start operation by the next academic year 2020/2021.

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