Arab Finance: Cairo Oils and Soap’s (AMPI) capital increase subscription has been covered by 100%, according to a statement on May 9^th.

The company announced that the first phase of the subscription to the company’s capital increase during the period starting March 19^th until April 18^th, 2024, has been covered at a ratio of 95.39%, an equivalent to 744.026 million shares.

Meanwhile, the second phase of the subscription to the company’s capital increase, which took place during the period from May 1^st until May 2^nd, was 54.11 times covered, representing 1.947 billion shares of the total offered shares, with the allocation ratio at around 1.848%.

Cairo for Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export, and distribution of different types of seeds for the production of oil and soap.

The company primarily uses cotton seeds and soya beans for processing and producing cooking oil, soap, and detergent products under several brands.

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