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.