Alexandria New Medical Center secures FRA nod for EGP 120m capital increase

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.