EGX approves listing capital increase of Sabaa
Updated 3/21/2021 9:21:00 AM
ArabFinance: The Egyptian Exchange's (EGX) concerned committee approved listing 5.5 million free shares of Sabaa International for Pharmaceutical and Chemical Industry (SIPC), according to a disclosure by EGX on March 21st.
The new shares will be listed on Monday, March 22nd.
In December 2020, the company obtained the Financial Regulatory Authority's (FRA) approval to increase the issued capital by EGP 11 million to EGP 88 million.
Sabaa reported a 264% Year on Year growth in its consolidated net profit for the first nine months of 2020.
The Egypt-based company is engaged in the pharmaceutical sector, with a generic product portfolio that includes products focused on different therapeutic categories.
