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ICMI buys 45.4% stake in Alfa Medical

ICMI buys 45.4% stake in Alfa Medical
Photo Credit: Arabianeye-Reuters
ICMI
ICMI
9.95% 1.55 0.14

Cairo - Mubasher: International Company for Medical Industries’ (ICMI) announced that it finished off acquiring 45.4% stake in Alfa Medical company.

Earlier, ICMI's board approved to buy 2.44 million shares of Alfa Medical for EGP 2 per share, with total value of EGP 4.88 million.

ICMI saw net profits of EGP 164,000 in the first half of 2015, up by 2.5%.

The drug firm is capitalised at EGP 12 million, distributed across 12 million shares at EGP 1 par value each.