Cairo – Mubasher: Arabian Food Industries Company (Domty) on Tuesday announced that it used EGP 154 million of proceeds from its shares subscription by the end of June 2017, according to a bourse filing.
The firm paid EGP 61 million to purchase vehicles from Al Mansour Automotive in order to distribute its products and invested EGP 40 million to establish a new factory on the land of Tatweer company, of which Domty owns 99.98%.
The remaining proceeds of the initial public offering (IPO) reached to EGP 148 million in April 2016.
By 10:36 am Cairo time, Domty’s stock rose 2.24% to EGP 8.2, with a turnover of EGP 3.2 million.
