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El Badr Plastic files with EGX for capital hike

El Badr Plastic files with EGX for capital hike
El Badr Plastic Co. has submitted a request to the Egyptian Exchange (EGX) to approve an increase in the company’s issued capital by EGP 5.1 million to EGP 7.65 million from EGP 2.55 million. The increase is paid in cash as subscription right for original shareholders.
El Badr had narrowed losses for the first nine months of FY14 by 18% to EGP 617.4 thousand.