Arab Dairy's shareholders nod to capital increase

The issued and paid-up capital will be increased to $18.47mln

  
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015. Image used for illustrative purpose.

A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany
Cairo –  The Arab Dairy Products Co. (Panda) said that its ordinary general meeting (OGM) approved a decision to increase the company’s issued and paid-up capital through a rights issue.

The issued and paid-up capital will be increased to EGP 290 million from EGP 160 million by issuing 130 million shares worth EGP 130 million, according to a bourse disclosure on Wednesday.

In the first half (H1) of 2021, the company reported 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. (Syndigate.info).

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.

More From Equities