Nilesat Financials
- Issued Capital: 186,624,920 $
- Number of shares: 37,324,984 shares
- Par Value: 5 $
The Egyptian Satellite Company “Nilesat “ (An Egyptian joint Stock Company) was established under the provisions of investment Law No.230 of 1989 and by virtue of the Minister of Economy and Foreign Trade Decree No. 456 of 1996 issued on June 27,1996 and published in the Investment Gazette Issue No.221 dated August 27,1996.
The company was transformed into a joint Stock Company to operate under the Free Zone Law in the Media Free Zone in 6th October City in accordance with the decision of Extraordinary General Assembly held on December 7, 2000. Accordingly, compliance was made with the free zone system instead of the internal investment system.
According to the Decree No.431 issued by the Chairman of the Media Free Zone on February 8, 2001 the company is authorized to operate under the system of free zone in the Media Free Zone in 6th of October City.