Cairo – Mubasher: Arabia Investments Holding said that the second phase of the subscription to raise its capital will be during the period from 30 October to 3 November 2019.
The company noted that if the subscription is not fully covered, Arabia Investments will not offer another phase of subscription, according to a statement to the Egyptian Exchange (EGX) on Monday.
The Financial Regulatory Authority (FRA) approved for the company to invite old shareholders to subscribe in the remaining 235 million shares remaining from the first phase with the same terms and conditions.
The remaining shares have a nominal value of EGP 0.30 per share in addition to other EGP 0.14 as issue expenses, the statement said.
On Thursday, 24 October, Arabia Investments said that subscription to its issued capital increase was covered by 75.55% through 726 million shares.
