ArabFinance: Al Ezz for Ceramics and Porcelain (Gemma) submitted a filing to the Financial Regulatory Authority to grant approval for an EGP 11.48 million capital raise, ArabFinance reported on November 25^th.

Gemma intends to increase the issued capital to EGP 266.71 million from EGP 255.22 million.

Earlier this month, the company announced a net loss of EGP 29.30 million during the first nine months of 2020.