Cairo – Mubasher: Nile City Investments has received approval from the Egyptian Financial Supervisory Authority (FSA) to invite shareholders to subscribe to the remaining shares of its issued capital increase.

The remaining shares amount to 203,801 at EGP 100 par value each.

The first phase of the company's rights issue ended 14 April.

The firm reported net profits of EGP 2.9 million for the first nine months of 2014, against EGP 77.52 million in losses for the same period of the previous year.