Cairo – Mubasher: Elsewedy Electric Company will hold its ordinary general meeting (OGM) on 4 May to discuss cutting its capital via writing off treasury stocks owned by the company.
The OGM will also look into a proposal to distribute cash dividends for fiscal year 2016 and adopt the financial statements for the year, a bourse filing said on Tuesday.
On the same date, the extraordinary general meeting (EGM) will discuss amending articles number 6 and 7 of the statute.
By 10:11 am Cairo time, the stock rose 1.3% to EGP 81.
