El Badr Plastic to offer uncovered shares for subscription
Updated 1/6/2021 12:25:05 PM
ArabFinance: El Badr Plastic Company obtained the Financial Regulatory Authority’s (FRA) approval for inviting the existing shareholders to subscribe to the shares uncovered in the subscription, according to the FRA’s statement filed to the Egyptian Exchange.
The shareholders will subscribe to 2,888,774 shares at a par value of EGP 0.50 and EGP 0.01 issuance outlays.
The second round of subscription will start from January 10th until January 14th.
EL Badr Plastic announced that the first round of capital increase subscription has been covered by 81.12%, an equivalent of 12,411,226 shares.
Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.
