Arab Finance: The Egyptian Modern Education Systems’ (MOED) board has approved raising its issued capital via inviting shareholders to subscribe to a rights issue, as per a statement.
Accordingly, the capital will increase from EGP 100.5 million to EGP 350 million by EGP 249.5 million via the issuance of 2.495 million shares at a nominal value of EGP 0.10 per share.
Established in 2001, Egyptian Modern Education Systems operates within the consumer services sector focusing on education services.