The establishment of 19 thousand companies with a paid up capital of 4.6 billion pounds within 10 months

Economy and stock exchange

The company issued its founding papers to the Investment Authority with an issued capital of LE 43.7 billion and a paid up capital of LE 4.642 billion during the period from July 2018 to April 2019. 2256 companies increased their issued capital by 91.298 billion pounds and paid capital of 63.804 Billion pounds, providing 77 thousand jobs.

Mohsen Adel, CEO of the General Authority for Investment and Free Zones [GAFI] said that the new companies that were established were distributed among 2828 joint stock companies with issued capital of 18.814 billion pounds, 4.455 billion pounds of paid up capital, 10384 limited liability companies with issued capital of 18.949 billion pounds, 168 million pounds of paid up capital, 1105 one-person companies with issued capital of 139.982 million pounds, paid up capital of LE 139.7 million, 720 joint-stock companies with issued capital of LE 2 billion, 820 simple stock companies with issued capital of LE 2 billion, With a issued capital of LE 1.730 billion.

The companies were distributed among 1,743 companies established in July 2018, followed by 1,426 in August, 1647 in September, 2,155 in October, 1924 in November, 2054 in December and 2084 in January, 2,060 during February, 2,162 during March, and 1951 during April.

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