Egypt: Union Pharmacist’s board nods for capital raise

On December 23rd, the board also approved increasing the company’s issued capital to EGP 40.98 million from EGP 13.66 million at a nominal value of EGP 1 per share

Staff Writer, Arab Finance

December 25, 2024

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Union Pharmacist Company for Medical Services and Investment’s (UPMS) board members agreed to raise the authorized capital to EGP 100 million from EGP 30 million, as per a bourse filing.

On December 23rd, the board also approved increasing the company’s issued capital to EGP 40.98 million from EGP 13.66 million at a nominal value of EGP 1 per share.

Established in 2008 and listed on EGX in 2016, Union Pharmacist operates within the pharmaceuticals, biotechnology, and life sciences sectors.

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