ArabFinance: The Egyptian Exchange said that today is the record date for El Badr Plastic Company’s rights issue, according to a reminder statement released recently. 

El Badr Plastic will increase issued and paid-in capital through subscription to 15.300 million shares amounting to EGP 0.50 per and issuance outlays of EGP 0.01.    

Earlier, the company received the Financial Regulatory Authority approval to increase the capital by EGP 7.650 million from EGP 3.825 million to EGP 11.475 million.

The subscription will be run starting December 2^nd until December 31^st. However, the rights issue will be traded starting December 22^nd until December 28^th.

Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.