Egyptian Modern Education Systems nods to capital increase via rights issue

Updated 11/5/2023 1:39:00 AM
Egyptian Modern Education Systems nods to capital increase via rights issue

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.

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