Cairo - Mubasher: The MB for Engineering and Contracting Co. said it will hold extraordinary general meeting on 3 December to endorse the plan of offering the company's shares on the Egyptian Exchange(EGX).
Last Septmber, the company filed with the Egyptian Financial Supervisory Authority (EFSA) to list its shares on EGX.
The shareholders meeting will also look into approving the report prepared by the independent financial advisor- Cairo Financial Investments, that set the company's fair value at EGP 5.95 per share.
The company's net profits surged 27% to EGP 5.04 million in the nine-month period ended September 2015, up from EGP 4 million a year earlier.
