Arab Finance: Future Care for Medical Industries (FCMD), previously International Company for Medical Industries (ICMI), announced that the first phase of its capital increase subscription was covered by 98.78%, following the subscription period that ran from June 17th to July 8th, 2026, as per a disclosure by QNB Egypt.

The company is increasing its issued and paid-up capital to EGP 115.172 million from EGP 57.672 million through the issuance of 57.5 million new shares at a par value of EGP 1 per share.

Investors subscribed to 56.797 million shares in the first phase, representing approximately 98.78% of the offering, with subscriptions totaling about EGP 56.797 million at par value. The proceeds were fully paid in cash.

Including issuance expenses of EGP 0.001 per share, the total amount collected reached approximately EGP 57.365 million through 2,983 subscription transactions.

After the first phase, 702,575 shares remained unsubscribed and will be offered in the second phase to eligible shareholders without being limited to their original ownership percentages.