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Egypt: Regulator Approves Capital Increase of Arab Development and Real Estate Investment
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The Financial Regulatory Authority (FRA) has approved the increase in the share capital of the Arab Development and Real Estate Investment Company (ADRI), bringing it from 35,135,168 Egyptian pounds (approximately 653,000 dollars) to 45,675,719 Egyptian pounds (approximately 849,000 dollars), an increase of 10,540,551 Egyptian pounds (approximately 196,000 dollars). According to a statement issued on Monday, 20 April, this operation will be fina…
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