Misr Beni Suef Cement Shareholders Approve Capital Increase

Misr Beni Suef Cement Co. (MBSC), an Egyptian producer of the building material, said shareholders have approved increasing the company’s paid capital to 500 million Egyptian pounds from 400 million pounds.

The company also doubled its authorized capital to 1 billion pound, it said in a filing to the Egyptian bourse today.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

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