Nile City Investment spends 81.8 million pounds from capital increase proceedsVisits : 66

Nile City Investment spends 81.8 million pounds from capital increase proceeds

Nile City Investment Company said it used about 81.83 million pounds in the proceeds of the companys 100 million pounds capital increase, which was recorded on July 16, 2015.

The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the spending from the proceeds of the capital increase was used to make a payment under the account of Ahli United Bank at a value of 24.3 million pounds, and they purchased the seventh floor in the South Tower with a value of 24.37 million pounds.