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The securities listing committee of the Egyptian Exchange (EGX) approved a request from Cairo Development & Investment to reduce the stock par value to EGP 2 from 5. 

 

The company’s issued capital will remain unchanged at EGP 20 million, divided into 10 million shares (instead of 4 million shares) at EGP 2 par value each. 


The company’s extraordinary general meeting approved on Thursday, July 3, reducing the stock par value to EGP 2 from EGP 5.

 

 

 


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