Cairo – Mubasher: The ordinary general meeting (OGM) of Fitness Prime Health Clubs agreed to raise the issued and paid-up capital to EGP 82.15 million from EGP 66.25 million.
The EGP 15.90 million increase will be granted from the company’s net profits that were registered in 2023, according to a bourse disclosure.
The shareholders also greenlighted Fitness Prime’s expansion plans to establish a new unit in Saudi Arabia to boost its regional business.
It is worth highlighting that the company’s shareholders approved the company’s dividends as well as future plans on 20 April 2024.
