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...
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