Cairo – Mubasher: The board of directors of MM Group for Industry and International Trade decided to contribute to the capital increase of Ebtikar for Financial Investment by EGP 150 million, bringing its total contribution to EGP 365 million.
In addition, the board also approved the contribution of EGP 30 million (49.9% of capital) to a non-banking financial services company, according to a bourse disclosure on Sunday.
During the first nine months of 2020, MM Group achieved net profits of EGP 299.78 million, down from EGP 370.05 million in the year-ago period, including minority shareholders’ rights.
