Cairo – Mubasher: Cairo Oils and Soap said it obtained the approval of the listing committee of the Egyptian Exchange over proceeding in raising its authorized capital from EGP 240 million to EGP 1 billion.

In the same vein, the company will hold an extraordinary general meeting on 15 February to discuss the capital raise move.

Cairo Oils is currently operating with EGP 200 million capital, distributed across 40 million shares at EGP 5 par value each.