Cairo – Mubasher: The Arabian Food Industries Company (Domty) said it has used EGP 209.2 million out of a total EGP 299.99 million worth of the rights issue in its business, according to a bourse disclosure to the Egyptian Exchange (EGX).
Domty has spent EGP 61 million of the rights issue, as registered on 25 May 2016, on purchasing vehicles from Al Mansour Automotive to distribute its products.
Furthermore, the EGX-listed company has spent EGP 60 million on establishing a new factory.
Domty noted that the remaining amount of the subscription of the capital hike stands at EGP 90.8 million.
