Cairo – Mubasher: Orascom Construction Limited’s extraordinary general meeting (EGM) approved the purchase of 1 million ordinary shares at $1 per share.
The EGM also agreed to reduce the company’s capital by the cancellation of the purchased shares, according to ma bourse statement.
The quote per share will be decided by the board as per the regulatory requirement of Cairo bourse and NASDAQ Dubai after obtaining the extraordinary meeting's approval.
The stock ended yesterday’s trading woth a growth of 1.15% to EGP 71.22.
