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FRA Approves Zahraa Maadi Capital Increase

The FRA approved Zahraa Maadi’s (ZMID) request to increase the company’s authorized & paid capital.

ZMID will increase its authorized capital from EGP 300 million to EGP 1 billion.

The company will also increase its paid capital from EGP 264 million to EGP 528 million, by distributing 264 million free shares with a par value of EGP 1/share.