Marseilia Almasria Alkhalegeya for Real Estate Investment (MAAL) board of directors (BoD) agreed to proceed with transferring the company’s shares from the small & medium-sized enterprise market (Nilex) to the main market (EGX).
Who is affected🤷 The FRA approved a request by the company to increase the authorized capital to EGP 360 million from EGP 150 million, & the paid-up capital to EGP 100.8 million from EGP 72 million back in August of this year.
What is authorized & paid-up capital🤔 Authorized capital is the maximum amount of capital a company is authorized to raise from its shareholders by issuing shares. Paid-up capital, on the other hand, is the amount of money a company has received from shareholders in exchange for shares of stock. This means that the paid-up capital can never be more than the authorized capital.
