Cairo – Mubasher: The total increase in capital of 17 companies amounted to EGP 3.8 billion in August, 40.7% up from EGP 2.7 billion in July, according to the monthly report of Egypt’s General Authority for Investment (GAFI).
Services sector companies registered the highest capital raises with 80 firms, representing 46.7% of the total number of firms, then the industrial companies with 49 firms (28.6%) and the construction companies with 24 firms (14%).
GAFI earlier reported that the number of companies established in August reached 544 firms with a total issued capital of EGP 1.028 billion.
