Aspire Capital’s EGM OKs capital increase

Updated 7/8/2024 9:29:00 AM
Aspire Capital’s EGM OKs capital increase

Arab Finance: Aspire Capital Holding for Financial Investments’ (ASPI) extraordinary general meeting (EGM) has approved raising the issued and paid-up capital by EGP 182.8 million distributed over 914 million shares at a par value of EGP 0.20 per share, the company disclosed.

Accordingly, the capital shall be increased to EGP 393.761 million from EGP 210.961 million by inviting senior shareholders to subscribe to the capital increase.

In the first quarter (Q1) of 2024, Aspire Capital Holding recorded  consolidated net profits attributable to the parent company of EGP 8.403 million, versus net losses of EGP 268,944,

Aspire Capital Holding, formerly known as Pioneers Holding Company for Financial Investment, is an Egypt-based company that operates in the financial services sector.

 

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