Cairo – Mubasher: The ordinary general meeting of Naeem Holding gave a nod to amend its stocks’ par value to become $0.7 per share instead of $1 per share.
The company’s general meeting also approved reducing its issued capital to become $198.7 million instead of $283.88 million, where the value of the capital cut will be directed towards the reserves.
Earlier, the company’s board approved the financial restructure through capital reduction in order to meet the listing requirements of Abu Dhabi market as well as the dual listing requirements.
