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EGX Approves MNHD’s Capital Raise

The Egyptian Exchange (EGX) decided to list 374.4 million subscription rights in the capital raise shares of Madinet Nasr Housing and Development (MNHD) from EGP 1.5 billion to EGP 1.87 billion.

The EGX indicated that the increase is distributed over 374.4 million shares and will be subscribed at the nominal value of EGP 1/share.