Mena for Touristic’s rights issue oversubscribed at 61.28%

Mena for Touristic’s rights issue oversubscribed at 61.28%

ArabFinance : Mena for Touristic and Real Estate Investment (MENA) announced that 26.99 million shares were oversubscribed as the second phase of the rights issue shares, according to a statement filed to the Egyptian Exchange (EGX). The first phase of the rights issue has been oversubscribed at a coverage ratio of 43.28% on 64.924 million shares. Accordingly, the rights issue has been oversubscribed at a coverage ratio of 61.28% on a total of 91.92 million shares. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; The company’s issued capital will be increased to EGP 300 million from EGP 150 million. The capital increase amounts to EGP 150 million distributed over 150 million shares at a nominal value of EGP 1 per share, in addition to issuance fees of EGP 2 per share. Mena, established in 1980, operates in the fields of construction, real estate investment, project management, and urban development both locally and internationally. Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider.