Alex NMC's shareholders okay capital hike

Updated 7/4/2021 2:09:00 PM

ArabFinanceAlexandria New Medical Center’s (Alex NMC) extraordinary general assembly approved issued and paid-in capital increase by EGP 10.382 million to EGP 125 million, according to the company’s filing to the Egyptian Exchange.

Alex NMC will distribute 1.298 million shares at a par value of EGP 8 per each, the statement highlighted.

The listed company posted a net profit of EGP 12.307 million in quarter one (Q1) 2021.

Alex NMC is an Egypt-based public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields.

The company focuses on the operation of a hospital, which consists of a range of medical specializations, including gynaecology, general surgery, and paediatrics, among others.