TAWASOA for Factoring obtains EGM’s nod for EGP 40M capital raise

Updated 2/5/2026 11:39:00 AM
TAWASOA for Factoring obtains EGM’s nod for EGP 40M capital raise

Arab Finance: The extraordinary general meeting (EGM) of TAWASOA for Factoring approved increasing the issued and paid-up capital to EGP 115 million from EGP 75 million, according to a bourse filing.

TAWASOA for Factoring will issue 40 million shares, at a nominal value of EGP 1 per share, through the issuance 40 million shares.

The board members recommended the EGP 40 million capital raise last December.

 

 

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