Al-Moasher’s AGM Ratifies Capital Raise To EGP 21.2 Mln

Al-Moasher for Programming and Information Dissemination (AMPI)’s annual general meeting has ratified the increase in the paid-up and issued capital to be from EGP 7.073 million to EGP 21.219 million.
Al-Moasher’s AGM has also approved issuing subscription and IPOs on the condition that the raise would be through the par value of Al-Moasher stock which is EGP 1.

Worth mentioning, Al-Moasher is listed in the Egyptian Exchange for Small and Medium Enterprise – NILEX. On Sunday the stock topped NILEX upwards by going up by 4.58% to close at EGP 1.37.