Cairo – Moby: The General Assembly of Qalaa Holdings for Financial Investments approved the company's capital increase and endorsed the mechanism to raise its stake in "Egyptian Refining Company" and "TAQA Arabia".
The company clarified in its disclosure to the Egyptian Exchange (EGX) that the Assembly was informed of the mechanics of the agreement regarding increasing Qalaa's indirect shareholding in the Egyptian Refining Company from 13% to 27.1%, as well as in TAQA Arabia by approximately 5% of its total share capital.
The Assembly also approved the adoption of the proposed mechanism for settling the shareholders' debit current account arising from the restructuring approved by the Ordinary General Assembly on July 6, 2023.
Furthermore, the Assembly approved increasing the company's issued capital in light of the disclosure report prepared pursuant to Article 48 of the Rules for the Listing and Delisting of Securities on the Egyptian Exchange (EGX) and published on October 1, 2026, along with the resulting procedures, documents, and authorizations.
In addition, the Assembly approved the uses of the cash proceeds intended to be collected from the company's capital increase, amounting to EGP 3,867.68 billion, which were previously published on October 4, 2026, in the financial and investment feasibility study for the uses of the capital increase proceeds, pursuant to the request of the Financial Regulatory Authority (FRA).
