Cairo – Mubasher: The board of directors of Madinet Nasr Housing and Development gave a nod to buying back 4 million shares at EGP 18.8 per share.
Meanwhile, the board meeting decided to appoint Mohamed Hazem Barakat as Chaiman and CEO to succeed Ahmed Mohamed Al Sayed.
The company’s shareholders approved earlier increasing the company’s issued capital to EGP 375 million, through the distribution of bonus shares at 1 to 1
