Misr Duty Free Shops' EGM approves increasing authorized capital by $4mln

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Additionally, the assembly approved increasing the issued capital from EGP 13.75 million to EGP 150 million

Staff Writer, Arab Finance

January 20, 2025

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Misr Duty Free Shops' extraordinary general assembly (EGM) agreed to raise the authorized capital from EGP 100 million to EGP 300 million, as per a disclosure.

Additionally, the assembly approved increasing the issued capital from EGP 13.75 million to EGP 150 million, a move that will be financed through the company’s existing reserves.

The assembly also approved amendments to Articles 6 and 7 of the company’s bylaws to align with the new capital structure.

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