Arab Finance: The Financial Regulatory Authority (FRA) has approved publishing the disclosure form submitted by Gadwa for Industrial Development’s (GDWA) board to raise issued and paid-up capital, as per a statement.
Thus, the capital will be increased by EGP 85.87 million distributed over 45.195 million shares at a par value of EGP 1.9 per share.
Accordingly, the capital shall be raised to EGP 2.09 billion from EGP 2.004 billion.
Established in 2021, Gadwa is a Cairo-based company that operates within investments in the industrial sector.