Egypt: Mohandes Insurance unveils $2.98mln issued capital hike

The increased amount will be disbursed over 60mln shares with a nominal value of EGP 2.50 per share

Staff Writer, Arab Finance

December 9, 2024

PHOTO

Egypt - The ordinary general meeting (OGM) of Mohandes Insurance (MOIN) agreed to increase the issued capital to EGP 500 million from EGP 350 million, according to a bourse .

The shareholders approved the EGP 150 million raise during their meeting.

The increased amount will be disbursed over 60 million shares with a nominal value of EGP 2.50 per share.

Mohandes Insurance is an Egypt-based company that offers life and non-life insurance, and reinsurance products and services. Its products and services portfolio fall into two main insurance segments, namely individual insurance and property insurance.

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