Moreover, the FRA nodded on Dec. 16, to shareholders who recorded on Jan. 15 to subscribe to capital increase shares by 65.18% their quota in the company's share capital before the increase.
ArabFinance: Middle East Glass Manufacturing (MEGM) announced on Feb. 23, 2020 full coverage of all offered shares in the capital hike subscription. The total subscribed shares are 32,800,000 encompassing the shares of the owners of credit balances.
The company offered 4,154,943 shares in the second round of the subscription that lasted from Monday, Feb. 17 to Wednesday, Feb. 19, 2020.
Middle East Glass’ Extraordinary General Assembly approved on Nov. 07, issued and paid-up capital increase from EGP 50,322,580 to EGP 83,122,580 with an increase amounting to EGP 32,800,000.
Moreover, the FRA nodded on Dec. 16, to shareholders who recorded on Jan. 15 to subscribe to capital increase shares by 65.18% their quota in the company's share capital before the increase.