EFSA approves AIND's request for an EGP209mn capital increase
The Egyptian Financial Supervisory Authority (EFSA) has approved Arabia Investments, Development and Financial Investment Holding Company's [AIND.CA] request to increase its issued capital by EGP209mn to reach EGP650mn from EGP440mn, according to a company release. The release added the subscription will be from April 2017 until May, 2017.
Arabia Investments & Dev.: EGP0.97 as of 15 Mar. 2017, Rating: Neutral, TP: EGP1.10/share, MCap: USD24mn, AIND EY/AIND.CA
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