Alexandria New Medical Center secures FRA nod for EGP 120m capital increase
· Egyptian market news · AMES
The Financial Regulatory Authority (FRA) has approved Alexandria New Medical Center 's (ANMC) capital hike by issuing 120 million shares at a nominal value of EGP 1 per share, according to a bourse filing.
The EGX-listed company will increase its issued and paid-up capital to EGP 244.58 million from EGP 124.58 million.
Meanwhile, the subscription rights will be traded separately from the original shares.