Cairo: The board members of the Egyptian Media Production City Company (EMPC) greenlighted a capital increase for Arabian Hospitality Company.

The subsidary will raise its issued capital by EGP 150 million to EGP 500 million from EGP 350 million, according to a bourse filing.

Last month, EMPC unveiled plans to achieve EGP 723.58 million in net profits for the year ending on 31 December 2026.

 

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