Cairo - Mubasher: Emaar Misr for Development said that it has used 71.5% or EGP 1.63 billion of the the total EGP 2.28 billion capital increase proceeds since July 2015 until June 2018.

EGP 906.05 million were used in the Square project, while EGP 250.14 million were directed to Mivida Downtown, with EGP 304.49 million for Marina Marassi and EGP 171.44 million for Marassi hotels, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.

The remaining amount stands at EGP 647.85 million, the statement noted.