The Egyptian Financial Supervisory Authority (EFSA) initially approved a request from El Badr Plastic Co. to invite shareholders to subscribe to shares of increasing issued capital by EGP 5.1 million (5.1 million shares) to EGP 7.650 million from EGP 2.550 million at par value of EGP 1 plus 2.5 piaster issue costs each.
Shareholders of record till the close of trading on August 21, 2014 will be entitled to the rights issue.

The capital increase will go for completing the company’s bottles production line.
FY13 financial results had shown EGP 980.8 thousand net loss, against EGP 127.4 thousand net profit a year earlier.