Cairo – Mubasher: The extraordinary general meeting (EGM) of North Africa Company for Real Estate Investment will be held today to look into the company’s memorandum of association.
The extraordinary meeting will consider the third article of the memorandum in order to replace the activity of importing and commercial agency with the construction and operation of schools and hospitals.
Further, the extraordinary meeting will also discuss the fourth article of the memorandum to change the headquarters address.
Moreover, articles no, six and seven will be tackled so as to reduce the company’s paid-in and issued capital from EGP34.37 million to EGP34.12 million.
Early, the company obtained regulatory approval for capital reduction.
