ArabFinance: The second phase of the subscription into Nasr Company for Civil Works’ (NCCW) capital increase has been completed on 74,058 shares at a value of EGP 370,290, according to a statement filed to the Egyptian Exchange (EGX).

Accordingly, the rights issue of 5.359 million was oversubscribed by 100% at a total value of EGP 26.795 million.

The company previously announced it decided to raise its issued and paid-up capital to EGP 100 million from EGP 73.205 million by EGP 26.795 million distributed over 5.359 million bonus shares at a nominal value of EGP 5 per share.

Nasr for Civil Works is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports