Ebtikar BoD approves increase in authorised, issued capital: MTI
MM Group for Industry and International Trade [MTIE.CA] announced that Ebtikar’s BoD approved, during the EGM held on 4 April, the increase of its authorised capital from EGP200mn to EGP750mn. The BoD also approved raising issued capital by EGP166mn to EGP341mn, and paid in capital by EGP95mn to EGP270mn. The increases will be used to finance future investments. MTI’s contribution in the capital increase, after all capital increases are completed, will be EGP199.8mn.
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