Cairo – Mubasher: Emaar Misr for Development said its extraordinary general meeting approved the cancellation of 90 million treasury stocks, worth of EGP 90 million.
Meanwhile, the company approved amending the Articles of incorporation numbers 6 and 7 to conform with the issued capital.
Emaar Misr is capitalized at EGP 4.62 billion, distributed across 4.62 billion shares.
Earlier, the company’s board approved cutting its capital to EGP 4.53 billion.
