Tawasul
Mubasher TV
Contact Us Advertising   العربية

Rubex International’s board approves EGP 50m capital hike

Rubex International’s board approves EGP 50m capital hike
Rubex’s capital may reach EGP 150 million
Rubex
RUBX
-9.31% 5.80 -0.54

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.