Medical Union Pharmaceuticals Company announced a private placement of common shares at an issue price of EGP 42 per share on September 18, 2023. The total price consists of EGP 10 as nominal value and EGP 32 as issuance premium. The transaction will include participation from returning investor Egyptian International Pharmaceutical Industries Company for EGP 84,000,000 to maintain 10% stake in the company and other existing shareholders.

The transaction has been approved by the board of directors of Egyptian International Pharmaceutical Industries Company.