Cairo – Mubasher: Naeem Holding’s extraordinary general meeting (EGM) approved dual-listing of its shares on the Dubai Financial Market (DFM).
The firm approved that the stake of stocks will not exceed one-third of its capital, according to a statement to the Egyptian Exchange (EGX) on Tuesday.
The EGM authorised the company's deputy chairman and the managing director to complete all procedures of listing the firm.
Naeem Holding’s capital amounts to $218.5 million, distributed over 312.2 million shares, with a par value of $0.7 per share.
