Egypt’s FRA Approves Capital Increase Disclosure for Tawasda for Factoring
Egypt’s Financial Regulatory Authority (FRA) has approved the publication of the capital increase disclosure report for Tawasda for Factoring (TAWASDA), paving the way for the company to proceed with the required regulatory steps.
In a statement, the FRA said the disclosure report includes calling an Extraordinary General Assembly (EGA) to discuss increasing the company’s issued capital from EGP 75 million to EGP 115 million, representing an increase of EGP 40 million.
The capital increase will be distributed over 40 million shares, each with a nominal value of EGP 1 per share, and will be financed through a rights issue offered to existing shareholders, with the right to subscribe tradable separately from the original share.
Capital Increase Linked to IPO Commitments
Tawasda explained that the capital increase comes in execution of the commitments outlined in its public offering prospectus, and represents a core component of the company’s IPO plan approved by regulators and investors.
The company added that strengthening its capital base post-listing is essential given the nature of factoring activities and the associated risk profile, supporting financial stability, enhancing investor confidence, and ensuring continued growth in line with regulatory requirements.
The board of directors approved the disclosure report during its meeting held on December 17, 2025, in preparation for convening the EGA and completing the subscription process, while safeguarding shareholders’ rights and maintaining operational and financial stability.