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Finance Authority Approves Capital Increase for Delta Mills
The General Authority for Financial Control approved the publication of a report regarding the capital increase of Middle and West Delta Flour Mills from 75 million EGP to 100 million EGP. This will be achieved through the distribution of free shares funded from reserves, aiming to reach the minimum required for large companies (100 million EGP) and to increase the free float for trading from 7.5 million to 10 million shares. The goal is to enhance trading activity and capitalize on the accumulated legal reserve.
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