Cairo – Mubasher: Global Telecom Holding said Monday that its extraordinary general meeting (EGM) has approved to cut the issued capital from EGP 3.04 billion to EGP 2.73 billion via writing off about 524.5 million treasury shares.
The EGM agreed to amend articles number 6 and 7 of the company’s statute to comply with the capital cut, according to a bourse filing.
