An increase of 1.1 billion pounds in the capital of the Egyptian stock exchange companies since the beginning of the year

The companies listed on the Egyptian Stock Exchange raised their capital by 1.1 billion pounds since the beginning of 2021, divided into 28 million pounds in January, 967 million pounds during February, and 100 million pounds on 7 March.

 

The Egyptian Stock Exchange had recorded an increase in its capital amounting to 8.6 billion pounds during the year 2020, distributed between 86 million pounds during the month of January, and 3.625 billion pounds during the month of February, which is the highest month that witnessed an increase in corporate capital, and 247 million pounds during March, 558 million pounds in April, 1.6 billion pounds in June, 1.1 billion pounds in July, 100 million pounds in August, 149 million pounds in September, 209 million pounds in October, and 507 million pounds in November, 427 million pounds in December.

 

The Egyptian Stock Exchange, a leading market in the region, is registered with a number of individual investors, financial institutions and investment funds, and the registration helps to provide many advantages, including the necessary financing to help industrial, commercial and service entities to sustainable growth and diversify the sources of financing available to them.

 

The offering on the stock exchange contributes to expanding the ownership base for companies, improving the performance of companies, enhancing the principles of transparency and governance systems in them and diversifying their resources. The offering aims to develop, develop and revitalize the flow of capital and trading on the Egyptian Stock Exchange, and raise the market capital to be more attractive to investors.

 

Fawry for Banking Technology and Electronic Payments recorded a capital increase of 100 million pounds, raising the number of shares from 707.3 million shares to 907.3 million shares after the increase. In contrast, 3 companies agreed to split the shares, namely Atlas for Investment and Food Industries, and the Egyptian Construction Industry Development (LIFT) Slab Misr), MENA for Tourism and Real Estate Investment, to 1 for every 10 shares for the first, 1 for 4.96 for the second, and 2 for every share for the third.