Arab Finance: Egypt Gas’ (EGAS) ordinary and extraordinary general meetings (OGM and EGM) have approved using EGP 415.725 million from the specific reserve balance and EGP 65.016 million from the general reserve balance to raise the company’s issued capital and paid-up capital, as per a statement.

Thus, the capital will be raised from EGP 961.482 million to Egypt to EGP 1.442 billion.

Moreover, the EGM has approved increasing the authorized capital from EGP 2 billion to EGP 3 billion.

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