Cairo – Mubasher: The Egyptian Exchange (EGX) said Monday that Egyptian Modern Education Systems (EMES) has submitted a request to raise its issued capital from EGP 8.9 million to EGP 16 million.

The EGX is reviewing the documents to submit them to the listing committee, according to a bourse filing.

The value of the increase is distributed across 7.11 million shares with a nominal value of EGP 1.