EIPICO to sell treasury stocks

The stocks will be sold in a period starting January 4th until February 28th


ArabFinance: The Egyptian International Pharmaceutical Industries Company’s (EIPICO) board of directors approved to sell 1.6 million treasury stocks, according to a statement filed to the Egyptian Exchange.

The stocks will be sold in a period starting January 4th until February 28th.

Earlier, the company’s board approved a contribution to the capital increase subscription of Medical Union Pharmaceuticals.

The listed company obtained the Egyptian Drug Authority's license for a new production line of cones packaging in the ointment section.

EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international pharmaceutical companies to produce their products locally and replace the imported ones.

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