Marseille Almasreia Alkhalegeya For Holding Investment announced that the second phase of its rights issue was covered by 100%, after 773.205 thousand shares were subscribed at EGP 1 par value each.
The company said earlier that the rights issue was covered by 96.13%, with a total of 19.2 million shares subscribed in phase one.
The Egyptian Financial Supervisory Authority (EFSA) had initially approved a request from the company to invite shareholders to subscribe to a rights issue worth EGP 20 million, divided into 20 million shares at EGP 1 par value each.
The company is seeking to raise issued capital to EGP 60 million from EGP 40 million.
The company had logged EGP 6 million net loss in Q1-14, against EGP 3.4 million net profit in the same period a year earlier.