Marseilia Group’s OGM agrees to capital increase

Updated 8/1/2022 11:57:24 AM

Arab Finance: The ordinary general meeting (OGM) of Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) has approved raising the issued and paid-up capital of the company by EGP 3.024 million through the issuance of bonus shares, according to a bourse filing on August 1st.

Accordingly, the company’s issued and paid-up capital will be increased to EGP 103.824 million from EGP 100.80 million.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.