Cairo – Mubasher: Al Shams Housing and Urbanization’s board of directors approved increasing the company’s issued capital to EGP 181.5 million from EGP 121 million.

In addition, the board also approved signing a contract with Perfect Consultancy to conduct the feasibility studies for SOLANA New Capital project, according to a statement to the Egyptian Exchange (EGX) on Thursday.

Previously, the company announced that the investment cost of SOLANA New Capital project stands at EGP 3.41 billion.