The decision to increase the capital of "Alexandria Petroleum" to 1.332 billion poundsVisits : 205

The decision to increase the capital of

The Official Gazette, in its issue today, published Resolution No. 269 approving the increase in the amended capital of Alexandria Petroleum, as the companys board of directors decided in its session No. 8 held on 29-8-2019 unanimously to approve the increase in the companys capital by an amount of EGP 166.950 million The value of the contribution of the General Petroleum Corporation in financing investment projects during the fiscal year 2018-2019, so that the companys capital becomes an amount and a capacity of 1.332 billion pounds, according to the amendments of the Central Agency for Accounting, in preparation for submission to the company’s general assembly at its next meeting for approval.

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