Cairo – Mubasher: The International Company for Medical Industries (ICMI) has recorded a 69.21% subscription coverage ratio to the company's capital raise.
Around 33.48 million shares were issued at a total value of EGP 33.48 million or a nominal value of EGP 1 per share, in addition to issuance expenses of EGP 2.5 piasters per share, according to a bourse filing on Monday.
On 29 November, the Financial Regulatory Authority (FRA) approved a subscription to its remaining shares of 16.44 million for the capital increase to EGP 72.57 million from EGP 24.19 million through the issuance of 48.38 million shares worth EGP 48.38 million.
