EGX to list capital increase of El Badr Plastic
Updated 2/16/2021 4:16:27 PM
ArabFinance: The Egyptian Exchange (EGX) concerned committee approved listing El Badr Plastic Company’s (EBDP) capital increase shares, according to a disclosure on February 16th.
El Badr increased its issued and paid-in capital to EGP 11.47 million from EGP 3.82 million through capital subscription.
In January, the company said that the shares offered in the second round of the capital subscription, oversubscribed 3.21334 times, as it offered 2.88 million shares.
On January 6th, El Badr obtained the Financial Regulatory Authority’s approval for inviting the existing shareholders to subscribe to the shares uncovered in the subscription.
The listed company 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.
