Cairo – Mubasher: B Investments Holdings announced that a total of EGP 275 million of its capital raise subscription proceeds amounting to EGP 458.27 million has been used.
The amount has been used to increase the capital of Ebtikar for Financial Investment and Gourmet Egypt Dot Com Foods, according to a bourse disclosure on Sunday.
The remaining amount of the subscription proceeds stands at EGP 183.2 million.
The company further revealed that it is studying several investment opportunities in various sectors.
For the full-year 2019, the company’s net profits declined to EGP 173.7 million from EGP 194.48 million in 2018.