ArabFinance: The Listing Committee of the Egyptian Exchange (EGX) has approved listing EGP 130 million capital increase shares of Arab Dairy Products Co. Arab Dairy’s (Panda) (ADPC), according to Al Bosla News.

In January, Arab Dairy’s board of directors approved raising the company’s issued capital to EGP 290 million from EGP 160 million, distributed over 290 million shares at a nominal value of EGP 1 per share.

Arab Dairy is an Egypt-based company engaged in the dairy industry. The company exports its products to Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman, and Kuwait.