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Tawasoa for Factoring announced that its shareholders have approved an increase in the company’s issued and paid-up capital from EGP 75 million to EGP 115 million, through a cash increase of EGP 40 million, following the convening of the Ordinary and Extraordinary General Assemblies on Thursday, February 5, 2026.

The decision comes after reviewing the justifications for the capital increase, which aligns with the company’s strategic plans to support expansion and strengthen its financing capacity.

Hussein Sedky, Co-Founder and Chief Operating Officer of Tawasoa for Factoring, stated:
“The company continues to move forward in line with the plan announced at the time of listing, reflecting management’s commitment to achieving its targets and fulfilling its promises. The capital increase represents an integrated financial tool to enhance stability and accelerate strategic growth, reaffirming our approach toward well-planned and sustainable expansion in the coming phase.”

The Ordinary General Assembly also approved granting Tawasoa for Factoring the right to borrow from Tawasoa Holding, under fair and market-based terms, at an interest rate equal to the Central Bank of Egypt’s overnight lending rate plus a 2% margin, noting that the credit facility amount has not yet been determined.

During the Extraordinary General Assembly, shareholders approved executing the capital increase through the issuance of 40 million shares with a nominal value of EGP 1 per share, allocated to existing shareholders in proportion to their ownership stakes, with subscription rights traded separately from the original shares.

Existing shareholders will have the right to subscribe in full or in part according to their ownership, or to sell all or part of their subscription rights independently. The subscription period may be closed once fully covered, while any unsubscribed shares will be offered in a second phase without ownership restrictions, subject to approval from the Financial Regulatory Authority (FRA) and coordination with Misr for Central Clearing, Depository and Registry (MCDR) and the Egyptian Exchange (EGX).

The assembly also authorized the Chairman or Managing Director, individually, to undertake all procedures related to the capital increase and amend Articles (6) and (7) of the company’s articles of association accordingly.