El Badr Plastic mulls capital hike

Updated 12/19/2021 1:44:28 PM

ArabFinance: El Badr Plastic Company (EBDP) is currently considering raising its capital to EGP 114.75 million from EGP 11.475 million, according to a statement filed to the Egyptian Exchange (EGX).

The capital increase will be directed to the construction and preparations of the new factory located in Borg El-Arab’s Industrial Zone.

The company’s board is currently conducting a feasibility study regarding the capital increase.

Founded in 2002 and listed on EGX in 2008, El Badr Plastic specializes in providing plastic packaging solutions to meet all packaging and design needs.