ICMI reveals future plans after capital increase

Updated 1/11/2022 10:54:45 AM

ArabFinance: International Company for Medical Industries (ICMI) has submitted its shares listing documents to the Egyptian Exchange (EGX), according to a statement filed to the EGX.

The issued capital increased to EGP 57.67 million from EGP 24.189 million, with the increase fully paid in cash.

On the other hand, the company also plans to nationalize a number of industries to provide medical supplements to the Egyptian market and export them as part of ICMI’s ambitious plan.

The company will also produce safety syringes as per the country’s directives in combating hepatitis C.

ICMI will also discuss the restructuring of its board of directors in the upcoming ordinary general meeting (OGM).

Established in 2004, ICMI operates within the health care equipment and services sector focusing on health care equipment.