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Giza Contracting increases capital to boost construction, real estate activities

Businessmen Team realestates 23 December 2025 10:38 PM
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Giza Contracting increases capital to boost construction, real estate activities

Giza General Contracting and Real Estate Investment Company has decided to increase its issued and paid-up capital to strengthen its financial position and boost its capacity to expand contracting and real estate investment activities in the coming period.

The company’s issued and paid-up capital is set to rise from EGP 288.54 million to EGP 432.81 million, an increase of EGP 144.27 million, distributed across 721.36 million shares with a nominal value of EGP 0.20 per share.

The company stated that the plan includes distributing half a free share for each existing share, funded from reserves and retained earnings, in accordance with the financial statements for the fiscal year ending December 31, 2024.

In preparation for implementation, Giza Contracting obtained approval from the Egyptian Financial Regulatory Authority (FRA) for the disclosure report on the capital increase, paving the way to proceed with convening the company’s Ordinary General Assembly.

The approval was granted under Article 48 of the Egyptian Exchange listing and delisting rules, allowing the disclosure report to be published on official announcement screens and enabling the company to take the necessary legal procedures.

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Giza General Contracting real estate investment capital increase financial position contracting activities expansion plan bonus shares reserves retained earnings Financial Regulatory Authority disclosure report Egyptian Exchange Ordinary General Assembly