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Vertika signs LE3 m netting contracts

Vertika signs LE3 m netting contracts

Arab Finance: Vertika (VERT) announced that its ordinary general assembly meeting was convened on June 18.

OGM approved to sign netting contract with Kandil Industries, Kandil Glass and Modern Technology Co., which owned by Vertika’s Board members.

Vertika is considered to provide the above mentioned companies with technical and management consultancy in 2016 worth LE3 million, while the companies will supply machines, instruments and computers to Vertika in order to reselling them in 2016, with maximum amount of LE5 million per every company.

Source: EGX & Arab Finance editor

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