Cairo – Mubasher: Global Telecom said Tuesday that its board of directors has agreed on reducing the capital to EGP 2.73 billion through writing off 524.56 million treasury stocks.
The company authorised its chairman to take all procedures to hold an extraordinary general meeting (EOM) after getting an approval from the Egyptian Exchange (EGX), according to a bourse filing.
The stock ended Monday’s session falling 0.81% to EGP 7.31.
