APICORP general assembly ratifies increase of callable capital from $1bn to $8.5bn

APICORP general assembly ratifies increase of callable capital from $1bn to $8.5bn

The increase in the capital reinforces long-term commitment towards APICORP's sustainable growth plans for the benefit of its member countries.. The corporation's authorised capital was also increased to $20bn and subscribed capital to $10bn, as well as transfer $500mn from the corporation's general reserves and retained earnings into its issued and fully paid capital..