IbnSina Pharma’s EGM nods to capital increase

Additionally, the EGM agreed on the amendment of Articles 3, 4, 6, and 7 of the company’s Articles of Association

  
A trader works at the Egyptian stock market in Cairo .

A trader works at the Egyptian stock market in Cairo .

REUTERS/Mohamed Abd El Ghany
 

Egypt - The extraordinary general meeting (EGM) of Ibnsina Pharma (ISPH) approved to increase the company’s issued capital to EGP 280 million from EGP 280 million through the issuance of bonus shares, according to a statement filed to the Egyptian Exchange (EGX).

Additionally, the EGM agreed on the amendment of Articles 3, 4, 6, and 7 of the company’s Articles of Association.

Ibnsina is an Egypt-based pharmaceutical distribution company. The company distributes a portfolio of pharmaceutical products from over 350 Egyptian and multinational companies to more than 35,000 customers including pharmacies, hospitals, retail outlets, and wholesalers.

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