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Cairo Capital raises capital to EGP 40mn to implement expansion plan

Tuesday 08 January 2019 06:54 PM

Cairo Capital
Cairo Capital


Cairo Capital Securities is implementing a plan to increase its capital into two phases, the first was implement in the fourth quarter of 2018 and the second in the first quarter of this year, with the aim of expanding several axes, most notably increasing sales financing via margin, along with technological expansion, to boost its share of market transactions, and occupy a position between 11 and 15 in the ranking of brokering companies this year.

Cairo Capital’s Managing Director Ahmed Abu Hussein said in a statement to Al Mal newspaper that the company completed the first phase of the capital increase in the last quarter of last year to EGP 25 million, compared to EGP 15 million in the past.