Cairo – Mubasher: The extraordinary general meeting (EGM) of Oriental Weavers Carpet has approved capital increase to EGP 1 billion from EGP 500 billion.
The EGM has also agreed to adjust Article 6 of the company’s main system, the household durables firm highlighted in a filing to the Egyptian Exchange (EGX) on Sunday.
Oriental Weavers’ issued capital amounts to EGP 450 million distributed over 450 million shares at a par value of EGP 1 per share.
