Arab Finance: Company announced Egypt Aluminum (EGAL)It is considering activating the existing company’s rehabilitation plan to increase the lifespan of the factories and increase their production capacity, according to what the company stated in Her statement Sent to the Egyptian Stock Exchange.
In response to the stock exchange's inquiries regarding what was published under the title “Offering an Additional Share of Egypt Aluminum on the Egyptian Stock Exchange,” the company added that rehabilitating the company requires various financing alternatives, which may include increasing capital.
She indicated that the most appropriate alternative will be chosen in light of that study.
The company was established in 1976 and its purpose is to produce, distribute and market aluminum metal, its raw materials, supplies, alloys, derivatives and artifacts at home and abroad. It also carries out other activities in real estate or financial investments and can be a securities portfolio. The company also follows the utmost levels of quality and keeps pace with every development in the aluminum industry in which it operates. It is placed among the ranks of major international companies specialized in this field through continuous improvement and diversification in production and meeting the demands of our customers abroad and at home.
Related news
