Univert Food Industries Co. announced, in a statement to the stock market, that its rights issue was covered by 94.47%.

A total of EGP 20.4 million was injected in 20.4 million shares at EGP 1 par value each, during the period October 26 till November 24.

The company aims to raise its issued and paid-in capital by EGP 20.4 million to EGP 80 million from EGP 59.6 million.
The capital increase will go for financing the company’s two pastry production lines.