Cairo – Mubasher: Arabian Rocks Plastic Industries Co. said it will offer 20 million stocks that represent 20% of its total shares on the Egyptian Exchange (EGX) within one month after securing the approval of the regulators.
The offering price will be EGP 0.30 per share, said a bourse filling
Arabian Rocks Plastic reported net profits of EGP 1.65 million in 2015 and expects to achieve earnings of EGP 3.3 million and EGP 5.3 million in 2016 and 2017 respectively.
The firm is capitalized at EGP 20 million that is distributed across 100 million shares at EGP 0.20 par value each.
