FEP: Union Pharmacist to start trading on Egypt SME bourse on Jul 26

Egyptian investment bank FEP Capital says Union Pharmacist Company for Medical Services and Investment (UPMS) will start listing on the country’s SME bourse, known as NILEX next Wednesday.

FEP Capital, part of regional First Equity Partners (FEP), has completed measures of listing UPMS on the NILEX.

“This is the first listing on NILEX led by FEP Capital for 2017,” vice president Mahmoud Khalifa said Monday.

Union Pharmacist Company’s issued capital amounts to 13.6 million Egyptian pounds ($760,840), with a par value of 1 pound per share, Khalifa added.

Founded in 2008, Union Pharmacist Company’s headquarters is in Minya in Upper Egypt. Its revenues rose to 16.3 million pounds during 2016.