Arab Dairy to raise capital to EGP 290M

Updated 1/26/2022 2:27:48 PM

ArabFinance: The board of directors of  Arab Dairy Products Co. Arab Dairy’s (Panda) (ADPC) has approved raising the company’s issued capital to EGP 290 million from EGP 160  million, distributed over 290 million shares at a  nominal value of EGP 1 per share, according to the company’s filing to the Egyptian Exchange (EGX).

Arab Dairy is an Egypt-based company engaged in the dairy industry. The company exports its products to Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman, and Kuwait.