Cairo-Mubasher: Arab Polvara Spinning and Weaving said the board will convene on 19 December to look into completing the sale of vacant land plots, according to a bourse statement.
The move is aimed at providing the necessary liquidity for the company.
The board will also discuss delaying the general meeting which is scheduled for 26 December.
The company operates with EGP 468.4 million in capital, divided into 93.7 million shares at a par value of EGP 5 each.
