Cairo – Mubasher: Qalaa Holdings said, in a bourse filing Tuesday it received no subscriptions to shares of increasing issued capital to EGP 9.7 billion from EGP 8 billion.

The company’s rights issue opened 2 June and ran for a month till 2 July.

Subscription to the remaining shares will be carried out by shareholders of record, according to the company.

Qalaa’s shareholders endorsed in March an increase in authorised capital to EGP 10 billion from EGP 9 billion and in paid-in capital to EGP 9.7 billion from EGP 8 billion.

The EGP 1.7 billion is divided into 340 million shares at EGP 5 par value each, without issue premium. Subscription rights were not to be traded separately.