The companies listed on the Egyptian Stock Exchange raised their capital by 4.3 billion pounds since the beginning of the year, after 17 companies increased their capital by 1.755 billion pounds in January, 806 million pounds in February, 1.7 billion pounds in March, 7 million pounds in April, and 36 million pounds in May.
The list of companies that raised their capital included Faisal Islamic Bank of Egypt in pounds, Faisal Islamic Bank of Egypt – in dollars, Marseilia Egyptian Gulf for Arab Real Estate Investment, International for Medical Industries – ICME, with its capital, from 179.3 million shares to 2.15.2 million shares worth 573.3 million pounds for the first, and from 326.9 million shares to 392.3 million shares, worth 65.4 million pounds for the second, and from 72 million shares to 100.8 million shares, worth 28.8 million pounds for the third, and from 24.2 million shares to 57.7 million shares, worth 33.5 million pounds for the fourth.
The El Obour Company for Real Estate Investment also raised its capital from 5.9 million shares to 17.6 million shares, worth 58.8 million pounds, El Nasr Civil Works Company, its capital from 14.6 million shares to 20 million shares, worth 26.8 million pounds, and Suez Canal Bank, an Egyptian joint stock company, from 220 million shares to 290.4 One million shares worth 704.3 million pounds, Port Said for Agricultural Development and Contracting increased from 4 million shares to 20 million shares, valued at 16 million pounds, and Vertika Company for Industry and Trade increased from 2.353 million shares to 3.058 million shares, valued at 705.9 thousand pounds.
During the month of April, 6 companies raised their capital with a value of 1.7 billion pounds, they are Sinai Cement from 68.1 million shares to 133.1 million shares valued at 650.1 million pounds, and Arab Dairy Products “Arab Dairy-Panda” from 160 million shares to 290 million shares valued at 130 million pounds. The Commercial International Bank (Egypt) increased from 1.97 billion pounds to 1.982 billion pounds, with a value of 122.7 million pounds.
Mansoura Poultry companies also raised their capital from 406 million shares to 487.2 million shares, worth 16.2 million pounds, the Egyptian Gulf Bank from 422.7 million shares to 453.1 million shares, worth 30.3 million pounds, and Delta Insurance from 31.5 million shares to 87.5 million shares, worth 224 million pounds.
iFinance for financial and digital investments raised its capital by 35.6 million pounds, bringing the number of shares from 1.8 billion shares to 1.84 billion shares.
The Egyptian Stock Exchange recorded an increase in its capital of 8.7 billion pounds during the year 2020 for 37 companies, 10.3 billion pounds for 54 companies during 2019, and about 27.6 billion pounds for 59 companies during 2018, and 4.8 billion pounds during the period from August to December 2017 for 22 companies.
The Egyptian Stock Exchange is a leading market in the region, registered with a number of investors from individuals, financial institutions and investment funds. The listing helps provide many advantages, including the financing necessary to assist industrial, commercial and service entities in sustainable growth and diversify the sources of financing available to them.
The offering on the stock exchange contributes to expanding the base of ownership of companies, improving the performance of companies, enhancing the principles of transparency and governance systems and diversifying their resources.