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Orascom Construction conducts capital cut procedures

Orascom Construction conducts capital cut procedures

Arab Finance: Orascom Construction Limited (ORAS) announced that it conducted the procedures of capital cut  through 280,113 stocks write off that owned by Cementech Limited Co., at a nominal value of $1, on the trading session June 29 at $4.875.

It is worth mentioning, the issued capital will be cut from $ 118,041,492 to $ 117,761,379 with decrease amounting to $280,113.

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