Monday 09/February/2026 – 01:40 PM
The Official Gazette published a decision Holding company Cotton, Spinning, Textile and Clothing, among the decisions of the Extraordinary General Assembly of the Misr Spinning and Weaving Company in Mahalla El-Kubra, held on November 10, 2025, which included approving an increase in capital and amending some articles of the company’s bylaws.
First: increasing capital
The Assembly approved an increase in the company’s authorized capital by 2 billion pounds, to 13.08 billion pounds instead of 11.8 billion pounds.
The issued and paid-up capital was also increased by 1 billion pounds to become 12.398 billion pounds, distributed into 12.398 billion shares with a nominal value of one pound per share, provided that this increase is financed from the credit balance of the holding company.
Second: Amending the articles of the statute
Article Four: It remains as it is with the addition of the following for the purposes of the company: Participation in any of the companies operating in the cotton, spinning, textile, clothing, or related activities and services after obtaining the approval of the company’s general assembly.
Article Six: Determining the authorized capital at 138 billion pounds, distributed into 138 billion shares with a nominal value of one pound per share.
Article Seven: Determining the paid-up capital at 12.398 billion pounds, distributed into 12.398 billion shares with a nominal value of one pound per share.
These decisions come within the framework of strengthening the company’s capital structure and enabling it to expand its activities and develop its business in the fields of spinning, weaving and clothing.
