Medical Packaging Company announced a private placement of 310,000,000 common shares of par value EGP 0.20 per share for gross proceeds of EGP 62,000,000 on April 3, 2022. The company reported issuance expenses of EGP 0.02 per share amounting to EGP 6,200,000 for the transaction. Post the closing of the transaction, the issued and paid capital of the company will increase from EGP 69,000,000 to EGP 131,000,000.

The shares will be issued at par.