The company was established in 1991, by a number of banks like: Banque Misr with 48% of the capital, Misr International bank 10% , Misr Romania bank 5% , and also a number of insurance companies like Misr Insurance, Alshark Insurance 10% & the rest belongs to various investment companies and small investors 27%.
Legal Position:
Misr Exchange Company is a joint stock company established in 1991 according to companies’ law 159/1981 & its executive regulations.
Capital:
Authorized Capital:
L.E 50.000.000
Issued and paid – in Capital:
L.E 25.000.000
Par Value:
L. E 10
Principle Activities:
Money exchange activities.
Achievements::
In spite of instability in the exchange market, the company succeeded to protect shareholders, which is reflected in the increase of stockholders’ equity plus moderate annual dividends ranged between 7% - 8.5%.
