Each company paid $9 million from the investment value, the statement highlighted.
It’s expected to construct the plant during two years, as EIPICO has finalized the necessary studies to establish the plant, EIPICO’s chairman said.
The listed company will distribute annual cash dividends of EGP 2.95160 per share on April 28th.
The company’s consolidated net profit reached EGP 487.4 million in 2020.
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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