ArabFinance: Barbary Investment Group’s (BIG) board of directors approved a capital increase of EGP 17.724 million, according to a statement filed to the Egyptian Exchange (EGX) on Wednesday.
Accordingly, the company’s capital shall be increased to EGP 32.806 million from EGP 15.082 million, the statement revealed.
Moreover, the board agreed on the amendment of Articles 6 and 7 of the company's Articles of Association.
BIG is an Egypt-based holding company that provides automotive auto parts, products of the original equipment manufacturer, and aftermarket spare parts.
The company’s diversified portfolio includes establishing one-stop shops for automotive parts, strategic acquisitions of automotive brands, automotive dealerships, and manufacturing and assembly of related automotive factories.