Capital Increase
The private power utility and solar energy company clarified in a press release that the new investment round is supported by US-based Synergy Consulting as the sell-side advisor.
The MOU signing marks the beginning of due diligence process for the companies, in one of the most significant deals in the Egyptian digital financial services market.
The bank raised its capital from LE 228 million to LE 1.728 billion ($12.8 million to $97.2 million) from LE 1.440 billion, distributed over 28.8 million shares.
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