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Orascom Development Egypt to raise capital to EGP 3.65B

Updated 10/6/2026 10:25:00 AM
Orascom Development Egypt to raise capital to EGP 3.65B

Arab Finance: Orascom Development Egypt received the Egyptian Exchange (EGX) Listing Committee’s approval to raise its issued and paid-up capital to EGP 3.650 billion from EGP 1.130 billion, as per a statement.

The EGP 2.519 billion capital hike will be issued over 2.519 billion shares, with a nominal value of EGP 1 per share.

The increase will be financed from shareholders’ share of profit distributions based on the company’s 2025 financial results.

Following the bonus share distribution, the company’s shares will be added to the EGX database with a total of 3.65 billion shares, effective from the start of trading on Wednesday, October 7.

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