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General Assembly

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4 December 01:01 PM Egyptian Modern Education’s OGM approves EGP 100m loan
Cairo - Mubasher: The ordinary general meeting (OGM) of the Egyptian Modern Education Systems has unanimously approved interest-free financing not exceeding EGP 100 million.   The financing will be granted by the board of directors to start …
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27 November 05:34 PM MEPCO’s shareholders approve over SAR 166.5m capital raise
Riyadh – Mubasher: The shareholders of Middle East Paper Company (MEPCO) agreed to increase its capital by 33.30% to SAR 666.66 million from SAR 500 million, according to a bourse filing. The Tadawul-listed firm will capitalise SAR 166.66 million …
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23 November 02:50 PM Shams obtains shareholders’ approval for 1000% capital raise
Riyadh – Mubasher: The shareholders of Tourism Enterprises Company (Shams) agreed to increase its capital to SAR 578.23 million from SAR 52.56 million, according to a bourse filing. Shams will offer a rights issue worth SAR 525.66 million at a …
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23 November 02:48 PM Arabia Insurance’s EGM nods to 100% capital hike via rights issue
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Arabia Insurance Cooperative Company greenlighted the board’s recommendation to increase the capital by 100% to SAR 530 million from SAR 265 million. The capital hike will be carried …
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31 October 10:33 AM Nahr Elkhair’s OGM approves EGP 40m capital hike for unit
Cairo – Mubasher: The ordinary general meeting (OGM) of Al Khair River for Development Agricultural Investment and Environmental Services Company (Nahr Elkhair) approved raising the capital of its 57.28%-owned subsidiary, Al Ahly Group for Modern …
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30 October 11:14 AM Taaleem achieves higher profits in FY21/22
Cairo – Mubasher: Taaleem Management Services achieved EGP 230.19 million in net earnings during fiscal year (FY) 2021/2022, up from EGP 185.31 million in FY20/21, including minority shareholders’ rights. Basic and diluted earnings per share (EPS) …
Orascom Investment Holding's Executive Chairman Naguib Sawiris
27 October 11:28 AM Naguib Sawiris becomes Orascom Investment Holding’s Executive Chairman
Cairo – Mubasher: The board of directors of Orascom Investment Holding (OIH) approved the appointment of Naguib Onsi Sawiris as the Executive Chairman of the board effective as of 1 November 2022.  In addition, it approved naming Marwan Hussein as …