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Sabaa Pharmaceutical completes expansions worth EGP22m

Sabaa Pharmaceutical completes expansions worth EGP22m
Sabaa Pharmaceutical completes expansions worth EGP22m
Sabaa
SIPC
-3.13% 0.68 -0.02

Cairo – Mubasher: Sabaa International for Pharmaceutical and Chemical Industry Co. said it finished off expansions worth EGP 22 million at its plant in Kafr el sheikh.

The expansions comprise the installation of new production lines and are expected to be implemented within 16 months.

The company financed 25% of its expansion plan through a soft loan from major investors, while the remaining amount will be financed through either capital hike or bank loan.