Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Arab Dairy Products Co. (Panda) to increase its capital, according to a statement to the Egyptian Exchange (EGX) on Thursday.

The form includes the board's approval to increase the company’s issued and paid-up capital by EGP 130 million to EGP 290 million from EGP 160 million.

The capital increase will be distributed over 130 million shares at a nominal value of EGP 1 apiece.

The increase will be financed in cash and/or from credit balances owed to some shareholders.

In the first half (H1) of 2021, the company posted consolidated net profits of EGP 1.49 million, down from EGP 5.08 million in H1-20, including minority shareholders' rights.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.