Egypt: Union Pharmacist’s board nods for capital raise

A trader works at the Egyptian stock exchange in Cairo. Image for illustrative purposes. Mohamed Abd El Ghany, Reuters

On December 23rd, the board also approved increasing the company’s issued capital to EGP 40.98 million from EGP 13.66 million at a nominal value of EGP 1 per share

Staff Writer, Arab Finance

December 25, 2024

PHOTO
A trader works at the Egyptian stock exchange in Cairo. Image for illustrative purposes. Mohamed Abd El Ghany, Reuters

Union Pharmacist Company for Medical Services and Investment’s (UPMS) board members agreed to raise the authorized capital to EGP 100 million from EGP 30 million, as per a bourse filing.

On December 23rd, the board also approved increasing the company’s issued capital to EGP 40.98 million from EGP 13.66 million at a nominal value of EGP 1 per share.

Established in 2008 and listed on EGX in 2016, Union Pharmacist operates within the pharmaceuticals, biotechnology, and life sciences sectors.

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