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GB Auto ratifies merging RG Investment S.A.E into GB Auto

GB Auto ratifies merging RG Investment S.A.E into GB Auto

ArabFinance: GB Auto (AUTO) declared in a statement sent to EGX, the ordinary and extraordinary general assemblies' meetings were held on March 24.

The OGM approved the financial results for the fiscal period ending December 31, 2018, in addition, canceling profit distribution and delaying the profit to next year. 

The EGM ratified the issuance of guarantees in favor of the related companies, as well as merging RG Investment S.A.E into GB Auto S.A.E at book value based on the financial position as of 31 st December 2018. 

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