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FRA nods First Realtors to increase capital

FRA nods First Realtors to increase capital

ArabFinance: First Realtors for Investment and Real Estate obtained the Financial Regulatory Authority (FRA) go-ahead to increase capital through the distribution of 0.25 free share for everyone held, according to the FRA’s filing on April 18th.

The listed company will increase issued and paid-in capital to EGP 6.875 million from EGP 5.5 million financed from 2020’s profit.

The total free shares that will be distributed by the company amount to 1,375,000 shares.

Established in 2008, First Realtors operates within the real estate sector focusing on diversified real estate activities.

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