Cairo - Mubasher: The ordinary general meeting (OGM) of Marseilia Almasreia Alkhalegeya Real Estate Investment approved a decision to proceed with its capital increase procedures.
The company will increase its authorised capital to EGP 360 million from EGP 150 million, according to a bourse disclosure on Wednesday.
The OGM decided to postpone the voting on an investment opportunity until the conclusion of negotiations over a land plot related to that opportunity.
During the first quarter (Q1) of 2021, Marseilia Almasreia Alkhalegeya Real Estate Investment achieved net profits of EGP 1.01 million, up from EGP 251,181 in the year-ago period.
