Medical Packaging sees changes in shareholding structure

Updated 9/16/2020 3:50:00 PM

ArabFinanceMedical Packaging Company (MEPA) stated that Wael Bebawy cut his stake in the company capital from 16.47% to 5.07%, according to the company's September 16th statement filed to the Egyptian Exchange.

Bebawy sold 7,871,061 shares at EGP 1.98 per each, with a total amount of EGP 15,657,762.

Medical Packaging reported a net profit of EGP 3,014,105 in the first half (H1) of 2020, an 11% increase from EGP 2,711,701 achieved in H1 2019.

Medical Packaging is an Egypt-based public shareholding company engaged in the manufacturing of medical and pharmaceutical packaging products. It focuses on the operations and establishment of a factory for the production of glass containers for the purpose of medical, pharmacy, laboratories, cosmetics, and perfumes.