The Arab Dairy Products Co. LLC (CASE:ADPC) announced a private placement of 100,000,000 common shares at par value of EGP 1 per share for gross proceeds of EGP 100,000,000 on May 23, 2018. The paid up capital will increase paid up capital from EGP 60,000,000 to EGP 160,000,000. The transaction was approved by the board of directors of the company.