Marsa Alam for Tourism Says Today Increasing the Firm’s Capital to EGP50 mln

Marsa Marsa Alam for Tourism and Development SAE (MMAT-CA) (CASE) announced that the General Authority for Financial Control approved to provide underwriting for increasing the company’s capital which issued from EGP20 TP egp50 million.

It is schedule for the buyers of the company’s capital to achieve around 150% of the shares which owned by each one.

The issued capital will be inched from EGP20 TO50 million, move up by EGP30 million for 1 per share, the underwriting will open on February4.