Egypt: Middle and West Delta Mills' board approves $524,576 capital raise through bonus shares

The company will issue one bonus share for every three original shares to raise the capital

Staff Writer, Mubasher

January 2, 2026

PHOTO

Cairo: The board members of Middle and West Delta Mills Company approved increasing the capital by EGP 25 million through 2.50 million bonus shares.

The company will issue one bonus share for every three original shares to raise the capital from EGP 75 million to EGP 100 million, according to a bourse filing.

Moreover, the increase amount will be financed from the reserves generated during the fiscal year (FY) 2024/2025, which ended on 30 June 2025.

Meanwhile, the number of shares will be increased to 10 million from 7.50 million shares prior to the capital raise transaction.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO