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Country-Plan Projects and Tenders |
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9093 Subject |
زيادة متوقعة لرأس مال شركة اوراسكوم للفنادق والتنمية مع توقع الزيادة في حجم الاستثمارات لبناء الفنادق OHD – Orascom Hotels and Development Co. SAE searching for its shareholders approval to increase its issued & paid up capital by L.E. 480 million. |
| Date Published | Tuesday, August 16, 2005 |
| Source Name | Al Alam Al Yom |
| Location Name | Cairo |
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Description Date Format: (mm/dd/yyyy) |
OHD – Orascom Hotels and Development Co. SAE is searching for its shareholders approval to increase its issued & paid up capital by L.E. 480 million. It has invited for a general irregular shareholder meeting to be held 8/17/2005 to endorse the issue. The increase will be affected in two parts. The first provides for an L.E. 300 million increases to be recovered from current credit accounts and cash. The second provides for the issuance of capital increase shares worth L.E. 180 million carrying L.E. 5 nominal value to be subscribed by old shareholders in cash. OHD Investment Manager Mr. Mohamed Sayyed Ahmed indicated that the company has posted for the first half of 2005 some L.E. 52 million profits on L.E. 146.2 million gross revenues. Profits marked 314.5 % increase above their level during the same period of 2004. Sawires Family disposes on a governing majority in the company. |
| Sectors Section |
Beneficiary Sectors - Construction Projects Hotels & Tourist Development |
