Cairo – Mubasher: The extraordinary general meeting of Rubex International for Plastic gave a nod-to raise the company’s issued capital from EGP 50 million to EGP 100 million.

The capital increase of EGP 50 million will be distributed across 10 million shares at EGP 5 par value each.

Meanwhile, the company’s shareholders meeting decided not to trade the right issues of the capital hike separated from the original stock.

The shareholders meeting also approved to raise the company’s authorized capital from EGP 50 million to EGP 500 million, in order to meet the company’s future expansion plans.