Cairo - Mubasher: Egypt’s leading investment bank EFG-Hermes Holding announced that its extraordinary general meeting has approved, through its second meeting, reducing the company's issued capital.
The company will slash its capital by EGP 184.78 million, from EGP 3.26 billion to EGP 3.07 billion, through the cancellation of 36.96 million treasury stocks.
EFG-Hermes posted net profits of EGP 359.1 million in the first half of 2015, down by 5.8% from EGP 381.6 million a year earlier.
