Capital increase | Egypt Oil & Gas

Qalaa Holding Approves Capital Increase, Higher Stakes in ERC and TAQA Arabia

Qalaa Holding’s extraordinary general meeting (EGM) approved an increase in the company’s issued capital, alongside the allocation of proceeds amounting to EGP 3.868 billion. The meeting also reviewed agreements to ra...

Petromaint Sees Capital Increase, Gearing Up for Expansion of its Business

Petromaint has announced that it has conducted its general assembly meeting to discuss several topics, including increasing its capital from EGP 300 million to EGP 1 billion. The meeting also witnessed discussions on ...

SIDPEC to Boost Capital by EGP 301.4 Million, Backed by FY 2023 Profits

During the general assembly, Mohamed Ibrahim, the Chairman of Sidi Kerir Petrochemicals Company (SIDPEC), presented a proposal to increase the company’s capital by EGP 301.4 million, from EGP 1.512 billion to EG...

Moroccan Oil Refiner Samir Gets Backing for Key Capital Increase

Moroccan oil refiner Samir said it has won the backing of its extraordinary general assembly for a capital increase of $1.04b in an effort to end the company’s financial difficulties. The country’s only re...

Morocco Oil Refiner Plans Capital Increase to End Crisis

Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company’s financial difficulties. As Morocco’s only refinery, its closure would make the country enti...

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