Arab Finance: Arabian Rocks Plastic Industries (ARPI) announced that its rights issue subscription has collected EGP 914,543, according to a filing to the Egyptian Exchange (EGX) on Wednesday.

Investors subscribed in 4.573 million shares at a par value of EGP 0.2 per share.

Uncovered shares amount to 85.427 million shares with a value of EGP 17.085 million.

Established in 2013 and listed on the EGX in 2016, Arabian Rocks is a public company that operates within the materials sector and focuses on commodity chemicals.