Cairo – Mubasher: Rubex International for Plastic and Acrylic Manufacturing’s board has approved an EGP 50 million increase in the company’s issued and paid-up capital.

The increase, if approved by the extraordinary general meeting, will see Rubex’s capital reaches EGP 150 million, according to a bourse statement released on Thursday.

It is worth mentioning that the company’s net profit surged to EGP 4.5 million in the first nine months of 2019, compared to EGP 2.11 million the year earlier.