Misr for Central Clearing, Depository and Registry (MCDR) announced that it targets at increasing the capital of its subsidiary company; MCDR Sport Co. within this month. Worth mentioning, the capital of MCDR Sport Co. amounts to EGP 47 million.
Mohamed Abdel Salam, MCDR chairman, said a meeting is to be held within this month so as to decide the amount of increase in MCDR Sport Co.’s capital. He noted that the capital increase will be spent in the company’s future projects.
“MCDR Sport’s main future projects include cofounding a firm for stadium security alongside the establishment of a sport academy.” Abdel Salam added
Abdel Salam stated that listing MCDR Sport in the Egyptian Exchange for the Small and Medium Enterprises (SMEs) – NILEX is postponed due to the company’s unusual losses amid the state of instability the sport activities witness nowadays such as halting the football leagues.
