Cairo – Mubasher: Egyptian Iron and Steel (HADISOLB) said it appointed Global Trust Legal Consultancy to carry out the needed procedures for its financial restructuring process.
The company seeks to raise its issued capital by 100% from EGP 976.8 million to EGP 1.95 billion.
HADISOLB suffered EGP 585.76 million in losses for the fiscal year ended 30 June 2016.
