Arab Finance: The extraordinary general meeting (EGM) of Golden Textiles and Clothes Wool (Goldentex) approved the board’s proposal to increase the authorized capital from EGP 250 million to EGP 700 million, according to a bourse disclosure.
The assembly also greenlighted increasing the issued and paid-up capital from EGP 142.833 million to EGP 500 million.
The EGP 357.166 million increase amount will be distributed across 35.716 million shares with a par value of EGP 10 per share, through a rights issue to existing shareholders.
Goldentex shifted to net losses amounting to EGP 95.058 million in the first quarter (Q1) of 2026, compared to net profits of EGP 12.109 million a year earlier.
