Cairo – Mubasher: Oriental Weavers’ extraordinary general meeting (EGM) on Monday approved to reduce issued and paid-up capital to EGP 443.3 million from EGP 450 million through cancelling treasury stocks.
The EGM approved making amendments to Article 6 and 7 of the firm’s main statute, the firm said in a statement to the Egyptian Exchange (EGX).
Oriental Weavers’ capital amounts to EGP 450 million distributed over 450 million shares, with a par value of EGP 1 per share.
