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First Realtors okays capital increase

First Realtors okays capital increase

ArabFinance: First Realtors for Investment and Real Estate board of directors approved issued and paid-in capital increase by EGP 1.37 million, according to the company’s filing on April 28th.

The capital increase will be through distributing 0.25 free share for everyone held.

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 board also ratified amending articles no. 6 and 7 of the company’s articles of association.

The real estate company obtained the Financial Regulatory Authority’s go-ahead to increase capital.

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

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04 Oct 2021
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