The EGM approved to increase the authorised capital from EGP 100 million to EGP 200 million
Alexandria Flour Mills
AFMC
AFMC
Cairo - Mubasher: Alexandria Flour Mills’ extraordinary general meeting (EGM) has voted for a proposal to raise the issued and paid-up capital from EGP 40 million to EGP 164.4 million through a rights issue.
Furthermore, the EGM approved to increase the authorised capital from EGP 100 million to EGP 200 million, in addition to amending articles number 6 and 7 of the statute, a bourse filing said on Sunday.
The stock fell last Thursday by 0.06% to EGP 31.93.
Source:
Mubasher
