ArabFinance: Middle East Glass Manufacturing Co’s (MEGM) Extraordinary General Meeting (EGM) has approved the endorsement of the independent financial advisor’s report setting the fair value (FV) of the company’s stock at EGP 38.67, according to a filing to the Egyptian Exchange (EGX) on Sunday.
The EGM also approved increasing the company’s issued capital to EGP 64.424 million from EGP 50.322 million.
MEGM is an Egypt-based company primarily engaged in the manufacture, sale, and export of glass containers in the Middle East and North Africa region.
The company’s product solutions include food jars, bottles, juice, carbonated bottles, and pharma, among others.