December 3, 2020

EGX okays listing capital increase of Rubex


ArabFinance: The Egyptian Exchange's (EGX) concerned committee approved, on December 2nd, listing capital increase shares of Rubex International for Plastic and Acrylic Manufacturing.

Rubex issued 8,789,973 shares at a par value of EGP 5 per each.

The company rose its issued capital by EGP 43.94 million to EGP 143.94 million, from EGP 100 million, the EGX added.

Rubex’s board approved last September to raise the capital.

The company’s board of directors ratified in September the subscription outcomes as the issued capital increased by EGP 43.949 million.

Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.

arabfinance


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