Cairo – Mubasher: North Africa Company for Real Estate Investment said it secured the approval of the Egyptian Exchange (EGX) to cut its capital through canceling treasury stocks.
The company will reduce its issued capital from EGP 34.37 million to EGP 34.12 million.
The real estate developer earned EGP 751,880 profits in Q1-2016, down from EGP 754,430 for the same period a year earlier.
