ICMI’s shareholders approve selling of administrative branch

Updated 4/3/2022 11:07:00 AM

ArabFinanceInternational Company for Medical Industries’ (ICMI) ordinary general meeting (OGM) approved selling an administrative branch in Cairo in consideration of EGP 1.5 million, according to a filing to the Egyptian Exchange (EGX).

The OGM also approved presenting a purchasing offer for a minimum of 75% of Alfa Medica and New Alfa companies at a price of EGP 0.55 per share, in addition to presenting an offer for the full acquisition of a medical clothes company for EGP 4.3 million.

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