Arab Finance: Company announced Egypt Gas (EGAS)With the approval of the Board of Directors held on 14/08/2024to increase the Egyptian capital for distributing natural gas to cities (Town Gas), sourced and paid, by 300 million pounds, becoming 400 million pounds instead of 100 million pounds, and Egypt Gas’s share in the increase amounts to 123 million pounds, according to what the company stated in its statement sent to the stock exchange. Egyptian.
The company was established in 1983 for the purpose of implementing natural gas projects and establishing, operating, managing and owning pipelines, facilities, facilities, gas systems and all equipment in accordance with the provisions of the law. The company has the right to carry out all work related to these activities.
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