Arab Finance: Al Moasher for Programming and Information Dissemination’s (AMPI) capital increase subscription has been covered by 100%, as per a filing on November 27th.
The rights issue has been fully subscribed to, including the uncovered shares in the first round, representing 17.15% of the total offered shares.
Accordingly, the capital shall increase by EGP 20 million to EGP 29.924 million from EGP 9.924 million.
Established in 2003, Al Moasher operates within the software and services sector focusing on application software.