The Extraordinary General Assembly of El Nasr Housing and Development Company, headed by Eng. Hisham Abu Al-Atta, Chairman of the Holding for Construction and Development and President of the General Assembly, decided to amend Article VI of the Articles of Association, and increase the issued and paid-in capital of El Nasr Housing and Development Company to 250 million pounds.
The Egyptian Al-Waqa’i newspaper said that the issued and paid-up capital is divided into 50 million shares, at a value of 5 pounds per share, all of which are cash shares owned by the holding company.
The extraordinary general assembly also agreed to increase the nominal and authorized capital to 500 million pounds.
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