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Qalaa Holdings says it has nothing to do with NBK-Egypt

Qalaa Holdings says it has nothing to do with NBK-Egypt

ArabFinance: Qalaa Holdings (CCAP) (CCAPP) said the manager of investor relations and risk management departments, Amr Elkady has been detained in the case dubbed as “stock market manipulation" in order to be presented to the competent committee for reconciliation.

The charges that accuse Amr Elkady is the consequent of owning shares that guarantee his membership in National bank of Kuwait - Egypt's Board of Directors (BoD), as well as his membership, is represented his capacity, the Company said. 

It is worth to mention, Qalaa Holdings has not traded on the Bank shares, has not been being a shareholder in the bank or a member of its board, it also has nothing to do with bank and its operations are stable, according to a statement sent to Egyptian Stock Exchange (EGX). 

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