MTI submits capital increase documents to the EGX
Updated 7/26/2023 2:50:00 PM
Arab Finance: MM Group for Industry and International Trade (MTI) has submitted documents to the Egyptian Exchange (EGX) to list the EGP 149.853 million increase in its issued and paid-up capital, according to a statement on July 26th.
The issued and paid-up capital shall increase from EGP 599.414 million to EGP 749.267 million via the issuance of 241.699 bonus shares at a par value of EGP 0.62 per share.
MTI is one of the leading distribution companies by geographic coverage in Egypt, with access to more than 40,000 points of sale.
The Egyptian joint stock Company operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands including Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.
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