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Country-Plan Projects and Tenders |
| 9566 Subject |
4 مليار جنيه حجم التوسع في الاستثمارات الجديدة للنساجون الشرقيون وزيادة راس المال بمقدار 300 مليون جنيه Oriental Weavers Co. SAE to be soon searching its shareholders approval to increase its authorized capital from L.E. 200 million to L.E. 500 million. |
| Date Published | Monday, October 31, 2005 |
| Source Name | Al Hayat |
| Location Name | Tenth Ramadan |
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Description Date Format: (mm/dd/yyyy) |
Oriental Weavers Co. SAE would be soon searching its shareholders approval to increase its authorized capital from L.E. 200 million to L.E. 500 million. Reuters News Agency indicated that the company has invited its shareholders for an irregular general meeting to endorse the above among other shares acquiring acts within the Group including acquiring a majority controlling share in MAC - Misr America Carpets Co. Weeks earlier the Oriental Weavers Group has announced measures to recruit 1,234 new members in the different specialties. Month’s earlier Group Chairman & CEO, Mr. Mohamed Farid Khamis announced the Group is embarking on L.E. 4 - 5 billion expansion scheme. |
| Sectors Section |
Beneficiary Sectors - Industry Textile |