ArabFinance: The Egyptian Modern Education Systems (MOED) announced that its board of directors has approved the disclosure report regarding raising the company’s capital, according to a statement filed to the Egyptian Exchange (EGX).
Accordingly, the company’s issued and paid-up capital is set to be raised to EGP 100.5 million from EGP 96.43 million through the issuance of 40.645 million bonus shares at a total value of EGP 4.064 million at a par value of EGP 0.10 per share.
Established in 2001, Egyptian Modern Education Systems operates within the consumer services sector focusing on education services.