Cairo – Mubasher: Global Telecom Holding said Thursday that its ordinary general meeting (OGM) has approved to use an amount of $182.7 million from the company’s legal reserve to cover losses.
The OGM also adopted the financial statements for the year ended on 31 December 2016, according to a bourse filing.
The company suffered losses worth $91.9 million.
The stock fell on Wednesday by 0.15% to EGP 6.77.
