AEI Extraordinary General Assembly Approves Capital Increase to EGP 400 Million
The Extraordinary General Assembly (EGA) of Arab Engineering Industries (AEI) approved an increase in the company’s authorized capital from EGP 100 million to EGP 400 million during its second meeting held on January 4, 2026, as part of a strategy to strengthen financial solvency and support future expansion plans.
According to the meeting’s official minutes, the second assembly was convened after the first meeting failed to reach the required legal quorum. The session was held at the company’s headquarters in Nasr City and chaired by Eng. Mostafa Abdel Samad Abdel Nabi, Chairman of the Board.
The EGA also approved the financial valuation report for the sale of the company’s old factory and equipment, prepared by Misr for Engineering Management and Development, in preparation for disposing of the old manufacturing facility located in Industrial Zone A1, 10th of Ramadan City.
Additionally, shareholders ratified Board Resolution No. 163, approving the sale of the old factory, and authorized Eng. Tarek Mostafa Abdel Samad, Vice Chairman, or his delegate, to complete all legal procedures required to finalize the transaction.
The company stated that these decisions fall within a broader asset restructuring plan aimed at maximizing asset utilization, improving operational efficiency, and securing liquidity to support AEI’s industrial activities in the coming phase.