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Rubex oks capital hike, bonus shares

Rubex oks capital hike, bonus shares

ArabFinance: Rubex International for Plastic and Acrylic Manufacturing’s (RUBEX) (RUBX) ordinary general meeting (OGM) approved the distribution of EGP 4.44 million bonus shares, to be financed from retained profit.

Moreover, the extra-ordinary general meeting (EGM)ratified increasing the issued and paid-up capital from EGP 95.55 million to EGP 100 million, distributed over 889,290 shares at EGP 5 per share.

The EGM also approved amending articles (6 and 7) of the articles of association. 

Both assemblies were held on July 29.

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