The Arab Dairy Products Co. announced a private placement of 130,000,000 common shares at par value of EGP 1 per share for gross proceeds of EGP 130,000,000 on July 14, 2021. The paid up capital will increase paid up capital from EGP 160,000,000 to EGP 290,000,000. The transaction will include participation from existing investors. The transaction was approved by the board of directors of the company. The transaction is subject to approval of its ordinary general meeting.