Egypt: Sianco approves $843,855 capital increase

Arab Finance: The board of directors of Egypt-based technical services company Egyptian Company for Technical Services and Equipment Maintenance (Sianco) has approved an increase in the company’s issued capital by EGP 40 million, according to a disclosure to the Egyptian Exchange (EGX).

Following the approval, Sianco’s issued capital will rise to EGP 100 million from EGP 60 million, while maintaining Egypt Gas Company’s shareholding at 20%.