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Modern Education Systems oks capital hike

Modern Education Systems oks capital hike

ArabFinance: Egyptian Modern Education Systems Company’s (MOED) ordinary general meeting (OGM) approved on Sunday increasing the company’s capital by EGP 84.57 million, as per a Monday bourse filing.

The issued capital will increase to EGP 126.8 million, up from EGP 42.28 million, through imitating existing shareholders to subscribe to the capital increase shares.

Moreover, the assembly approved trading the right issue separately from the original stock.

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