Latest news with #MOPCO
Zawya
22-07-2025
- Business
- Zawya
EGX approves listing of MOPCO's $158.9mln capital increase
The Egyptian Exchange (EGX) Listing Committee has approved the listing of Misr Fertilizers Production Company's (MOPCO) capital increase, as per a disclosure. MOPCO's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, marking an increase of EGP 7.88 billion. The increase will be carried out through the issuance of 788.956 million shares at a par value of EGP 10 per share, distributed as 0.3794547514 bonus shares for each ordinary share held prior to the increase. The increase is financed from the balance of merger proceeds recorded in the company's financial statements as of December 31st, 2024, along with EGP 11 from retained earnings. This marks the company's seventh issuance under the Egyptian Securities Listing Schedule. The right to the bonus shares distribution applies to shareholders as of the end of the trading session on Tuesday, July 22nd, 2025. MOPCO's shares following the capital increase, totaling 2,868 billion shares, will be listed on the EGX's database starting from the trading session on Wednesday, July 23rd, 2025. If the bonus share distribution date coincides with an official holiday, distribution will take place on the next business day. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
08-07-2025
- Business
- Zawya
Egypt: MOPCO to distribute bonus shares starting July 23rd amid capital increase
Arab Finance: Misr Fertilizers Production Company (MOPCO) will begin distributing bonus shares on July 23rd, 2025, as part of a capital increase approved by its general assembly on April 12th, as per a disclosure. The company's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, reflecting an increase of EGP 7.89 billion. Shareholders will receive 0.3794547514 bonus shares for each ordinary share held, based on holdings as of the end of trading on Tuesday, July 22nd, 2025. A total of 788.956 million bonus shares, each with a nominal value of EGP 10, will be distributed through Misr for Central Clearing, Depository and Registry (MCDR), following the listing committee's approval. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-06-2025
- Business
- Zawya
Egypt: MOPCO begins gradual restart of plants following gas supply resumption
Arab Finance: Misr Fertilizers Production Company (MOPCO) announced it has started gradually restarting its plants following the resumption of natural gas supply, as per a disclosure on June 29th. The company referenced its earlier disclosure dated June 15th, 2025, regarding the impact of the disrupted gas supply on its operations. MOPCO confirmed that with gas flow restored, plant operations are now being resumed in phases. Abu Qir Fertilizers and Chemicals Industries Company (ABUK) also made the same sentiment. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-06-2025
- Business
- Zawya
Egypt: MOPCO plans to enhance operations due to rising tensions in Middle East
Arab Finance: Misr Fertilizers Production Company (MOPCO) has decided to implement an intensive maintenance plan to improve operating conditions, according to a bourse filing. The company attributed the decision to the war in the Middle East and its impact on natural gas supplies to the factories. MOPCO will announce any material updates in due time to adhere to the disclosure rules for listed companies in the Egyptian Exchange (EGX). In the first quarter (Q1) of 2025, the company's net profits after tax fell by 63% year-on-year (YoY) to EGP 2.813 billion from EGP 7.648 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-05-2025
- Business
- Zawya
Egypt: MOPCO sees $11mln block trading
Arab Finance: Misr Fertilizers Production Company (MOPCO) recorded a block trading transaction valued at EGP 555.658 million, the Egyptian Exchange (EGX) stated on May 22nd. The transaction was executed on 14.508 million shares. MOPCO's net profits after tax plummeted by 63% year-on-year (YoY) to EGP 2.813 billion as of March 31st, 2025, from EGP 7.648 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
