Badr Plastic’s board agrees to capital increase
Updated 10/10/2022 10:36:00 AM
ArabFinance: The board of directors of El Badr Plastic Company (EBDP) approved the capital increase proposal, according to a statement filed to the Egyptian Exchange (EGX) on October 10th.
As per the proposal, the company’s authorized capital shall increase to EGP 250 million from EGP 17 million.
Moreover, the issued and paid-up capital shall be raised to EGP 57.375 million from EGP 11.475 million by EGP 45.90 million through the issuance of 4-to-1 shares at a nominal value of EGP 0.50 per share.
Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.
