Cairo – Mubasher: Brothers Solidarity for Real Estate Investment and Food Security (BSRF) on Sunday said that its capital increase was 15.95% oversubscribed.
About 956,800 shares have been subscribed at a value of EGP 956,800, in addition to EGP 23,900 of issuance expenses, the company highlighted in a filing to the Egyptian Exchange (EGX).
The rest of shares stood at about 5.04 million shares, making up 84% of offered shares amounted to 6 million shares.
In September, Brothers Solidarity’s board of director decided to raise issued capital by EGP 6 million distributed over 6 million shares at a nominal value of EGP 1 per share.
