The Egyptian Stock Exchange announced that Cairo Poultry Company has submitted documents to list the increase in its issued and paid-up capital. The capital is set to rise from EGP 479.001 million to EGP 1.789 billion, representing an increase of EGP 1.310 billion. This significant increase is a result of a comprehensive restructuring process.
The restructuring involved the merger of five subsidiary companies into Cairo Poultry Company. The merged companies include Cairo New Poultry Company, Cairo Poultry Slaughterhouses Company, Wadi El-Natrun Poultry Company, Wadi El-Natrun Breeding Poultry Company, and Cairo Feed Production Company. The financial statements as of December 31, 2023, were adopted as the legal basis for the merger.
The merger was based on the book value of assets and liabilities, and the distribution of shares in the merged company will be made among shareholders of the concerned companies. The distribution will be based on net equity and the market value of their assets on the date of the merger. This step is in line with a report by the specialized committee of the Egyptian General Authority for Investment and Free Zones.
The report was approved by the head of the authority on October 14, 2025. Following the adjustment, the company's issued and paid-up capital will be EGP 1.789 billion, distributed over 1.789 billion shares with a nominal value of EGP 1 per share. An amount of EGP 125.782 million will be allocated to the legal reserve account of the merged company.
Cairo Poultry Company has also submitted documents to amend its articles of association. The amendments aim to change the company's purpose and articles to align with its new structure. The submitted documents are currently under review and examination. This process is a prerequisite for the Egyptian Stock Exchange's listing committee to make a decision.
The merger and capital increase are expected to enhance the company's position in the Egyptian poultry market. Cairo Poultry Company is one of the largest poultry producers in Egypt, and the restructuring is likely to improve its efficiency and competitiveness. The company's management has been working to implement the merger and capital increase in accordance with regulatory requirements.
The Egyptian Stock Exchange will review the submitted documents and make a decision on the listing. The exchange's listing committee will examine the documents and consider the company's application. Once approved, the company's shares will be listed on the exchange, providing investors with new investment opportunities.
Key points
- Cairo Poultry Company seeks to increase its capital to EGP 1.78 billion after merging five subsidiary companies.
- The merger is based on the book value of assets and liabilities, and the distribution of shares will be made among shareholders of the concerned companies.
- The company's management has submitted documents to amend its articles of association to align with its new structure.
