Kuwait – Mubasher: Al Imtiaz Investment Group said that its 92.4%-owned subsidiary in Egypt is likely to be impacted by the Central Bank of Egypt’s decision to float the Egyptian Pound, according to a bourse statement issued on Wednesday.
The floatation decision is expected to affect the group due to consolidating the financial statements; however, the float impact cannot be determined in the current time, yet it will be registered when consolidating the financial statements of the period ended 31 December, 2016.
