FRA Gives Preliminary Clearance for Qara Energy Capital Increase Worth EGP 405 Million
The Financial Regulatory Authority (FRA) has given preliminary clearance to Qara Energy & Investment Projects to publish an invitation for existing shareholders to subscribe to a EGP 405 million capital increase. The transaction would raise the company’s issued and paid-up capital from EGP 450 million to EGP 855 million through the issuance of 2.025 billion new shares.
1 min read
