Egyptian exchange approves listing Memphis Pharmaceuticals’ capital increase

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Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East

Staff Writer, Arab Finance

August 7, 2024

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Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 171.25 million for Memphis Pharmaceutical and Chemical Industries, as per a disclosure.

The capital will increase from EGP 56.25 million to EGP 227.5 million distributed over 17.125 million shares at a nominal value of EGP 10 per share.

Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940.

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