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Holding Company for Spinning: Increase the capital of the Misr Cotton Ginning Company to 38 million pounds

The extraordinary general assembly of Misr Cotton Ginning Company agreed to increase the issued and paid-up capital of the company by 3.9 million pounds, so that after the increase, about 38 million pounds distributed over 7.6 million shares with a nominal value of 5 pounds per share, and the increase is funded from the creditor account registered in favor of the holding company .


The General Assembly headed by Dr. Ahmed Mostafa, President of the Holding Company for Cotton, Spinning, Weaving and Garments, according to what was published by the Egyptian facts today, agreed to amend Article VI of the company's articles of association, so that the authorized capital is 150 million pounds and the paid-up capital is 38 million pounds distributed over 7.6 million shares. .