El Badr Plastic’s board approves capital increase

The board of directors of El Badr Plastic have approved raising the company’s authorised capital to EGP 250 million from EGP 17 million.

 

The Egypt-based company has agreed to increase the firm’s issued and paid-up capital by EGP 45.90 million to EGP 57.37 million from EGP 11.47 million, according to a stock exchange statement last week.

 

The decisions were approved during the board’s meeting held on 9 October 2022 at the company’s premises.