Arab Finance: The Financial Supervisory Authority has announced that it would not prevent it from publishing the company's disclosure Castle for Financial Investments (CCAP)To proceed with the procedures for inviting the extraordinary general assembly to consider increasing the licensed capital from 10 billion pounds to 50 billion pounds, according to the report of the released disclosure in accordance with Article (48) of the registration rules on the Egyptian Stock Exchange.
According to Statement Sent to the stock exchange today, the council agreed to increase the issued capital from 9.1 billion pounds to 23.1 billion pounds, with a cash increase of 14 billion pounds, distributed over 2.8 billion shares, including more than 2.18 billion ordinary shares and about 618 million excellent shares.
The Financial Supervisory Authority stressed that it does not refrain from publishing the disclosure report, while emphasizing the need to disclose the fair value of shares by a separate financial advisor before the start of the subscription at least five working days.
The castle is the leading investment company in Africa and the Middle East. The value of the castle's investments is 9.5 billion US dollars through 10 subsidiaries throughout 15 countries, in order to establish investment projects in 5 strategic sectors: the energy sectors, transportation and logistical support, agriculture and food industries, mining, cement and construction.
The roots of the castle company are due to being the largest direct investment company in the African continent, as it has been established for the purpose of developing projects and investments in order to meet the needs of more than 1.3 billion consumers across 15 countries in the region.
The castle company has a special passion for entrepreneurs, ideas and innovative projects. The Castle is looking to establish more innovative projects and sustainable investments in order to create and maximize value to all relevant parties.
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