VOL. XLIII

No. 23

5-June-2000

EGYPT

Egypts Media Production City Company To Increase Capital Despite Uncertain Financials

Media Production City Company (MPCC), Egypts second largest capitalized stock, announced on 28 May a capital increase of E270mn ($78.7mn), or 18.7% of existing capital, from the current level of E1.45bn ($422.7mn) to E1.72bn ($501.4mn) to finance the construction of 18 studios at the Mubarak International Studio Complex. According to Cairo-based EFG Hermes, the capital...