MEGM is an Egypt-based company primarily engaged in the manufacture, sale, and export of glass containers in the Middle East and North Africa region. The company’s product solutions include food jars, bottles, juice, carbonated bottles, and pharma, among others.
EGX brings back Middle East Glass' share price at EGP 12.54
Updated 6/3/2020 4:13:00 PM.jpg)
ArabFinance: The Egyptian Exchange (EGX) brought back the reference price of Middle East Glass Manufacturing Company's (MEGM) share to the closing price of May 1st session, the due date of the right issue, at 12.54, according to EGX's website.
This move comes after the company stepped back from increasing the issued capital from EGP 50,322,50 to EGP 83,122,580.
On May 21st, the extraordinary general meeting (EGM) annulled an earlier decision to raise the capital by EGP 32,800,000.
