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Rubex ratifies increasing capital by EGP 44M

Rubex ratifies increasing capital by EGP 44M

ArabFinanceRubex International’s (RUBX) board of directors ratified the subscription outcomes as the issued capital increased by EGP 43.949 million, according to the company’s September 24th statement filed to the Egyptian Exchange.

The board approved amending article no. 6 and 7 of the company’s articles of association according to subscription results.

The total subscribed shares in the subscription reached 8,789,973 shares, representing 87.899% of the total offered shares.

Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.

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