Egyptians Abroad Investment & Development

Egyptians Abroad for Investment and Development Co. is an Egypt-based shareholding company engaged in the provision of investment services, which includes portfolio management, securities underwriting and promoting, establishing new joint stock companies or participating in the capital of already established ones, and in venture capital. The company is active within different business sectors, including construction and real estate development, financial services and securities, commerce and trade, industrial engineering, textile and complementary industries, food industries, pharmaceutical and other sectors. The Company owns stakes in several other companies, Arab world for Real Estate Development, Egyptians Abroad Housing, Development and Construction Company (EH DR) & Egyptian Investment Holding Group.
Financial Performance:
On Jan.11, 2011, ABRD.s BoD approved the increase of the company.s paid capital by 100%, from EGP100,517,000 to EGP201,035,000, to be distributed over 80,414,000 shares. It is worth noting that the company will finance the capital increase by inviting its existing shareholders to subscribe to a 100% rights-issue at a nominal value of EGP2.5/share, in addition to issuance fees of EGP0.05/share.