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Future Care stock hits new high
Future Care for Medical Industries has transitioned to the main market on the Egyptian Exchange after completing a capital increase from 57.672 million to 115.172 million Egyptian pounds, through the issuance of 57.5 million shares with a par value of one pound each, fully paid in cash. The subscription was covered at 98.77% in the first phase and at 466.76 times in the second phase, resulting in the full allocation of all offered shares. Additionally, the Securities Listing Committee has approved the company's listing on the main market, with a corresponding increase in authorized capital from 100 million to 250 million pounds, aimed at funding the company’s expansion in the medical supplies sector and related industries. Known previously as "EKMI," Future Care is among the leading companies in the field and seeks to leverage the capital market to boost its production capacity and expand its presence in the healthcare sector.
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