First Investment's EGM ratifies capital hike

Updated 4/26/2017 10:28:09 AM

ArabFinance: First Investment Company and Real Estate Development (FIRE) declared in a statement sent to EGX, the extraordinary and ordinary general assemblies were convened on April 24. 

First Investment's OGM approves the financial results for the fiscal period ending December 2016, as well as mandating the board to sign netting contracts for 2017. 

First Investment's EGM ratified authorized capital hike to LE50 million from LE10 million with increase amounting to LE40 million.

Moreover, the EGM approved amending the articles number 6 from articles of incorporation 

See also: First Investment profits jump ending 2016