Tawasoa for Factoring Announces Shareholders’ Approval for Capital Increase to Drive Strategic Growth and Expansion
Tawasoa for Factoring announced that its shareholders approved a capital increase from EGP 75mn to EGP 115mn representing an injection of EGP 40mn following the Ordinary and Extraordinary General Assemblies meetings held on Thursday, February 5th, 2026. The capital increase aligns with the company’s strategy to support expansion, strengthen its financial position, and accelerate growth across its operations.
Huussein Sedky, Co-Founder and Chief Operations Officer at Tawasoa for Factoring, commented: “The company continues to implement the plan announced at its IPO, reflecting the management’s commitment to achieving its goals and fulfilling its promises to shareholders. This capital increase provides a robust financial foundation to support stability and accelerate strategic growth, while reinforcing our measured and sustainable expansion plans in the coming phase.”
The Ordinary General Assembly approved granting Tawasoa for Factoring the right to borrow from Tawasoa Holding under fair market terms, at an interest rate equal to the Central Bank of Egypt’s overnight lending rate plus 2%, with the facility amount to be determined.
During the Extraordinary General Assembly, shareholders approved issuing 40 million new shares with a nominal value of EGP 1 per share, with existing shareholders entitled to subscribe proportionally to their holdings or trade their subscription rights independently from the original shares.
The subscription period may close upon full coverage of the offering. If not fully subscribed, the offering will reopen (second phase) for remaining shares, without restrictions on shareholding percentages, subject to FRA approval and coordination with the Egyptian Central Depository and the Egyptian Exchange.
The Extraordinary General Assembly also authorized the Chairman or Managing Director, individually, to complete all procedures related to the capital increase, including calling shareholders to subscribe, registering and trading subscription rights, and representing the company before regulatory authorities and the Egyptian Exchange. Amendments to Articles 6 and 7 of the company’s Articles of Association were also approved in line with the results of the subscription.
This capital increase marks a key milestone in Tawasoa for Factoring’s growth journey, reinforcing its financial resilience and ability to expand geographically, while delivering long-term value to shareholders and stakeholders.
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