FRA approves capital increase for Gadwa

Updated 3/14/2024 10:48:00 AM
FRA approves capital increase for Gadwa

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.

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