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Ajwa shareholders to review business continuity

Ajwa shareholders to review business continuity

ArabFinance: Ajwa for Food Industries-Egypt (AJWA) will hold the extraordinary general meeting on July 19th to review its business continuity and amendments to the articles of association, according to the company's June 23rd statement.

The company also invited shareholders to hold an ordinary general meeting on the same date to review the financial results for 2019.

The company suffered a standalone net loss of EGP 6,676,821 in the first quarter of 2020, a 77% decline from EGP 30,112,716 incurred in the corresponding period of 2019.

Ajwa, formerly Misr Gulf Oil Processing, is an Egypt-based company engaged in the manufacture and export of cooking oils and ghee. The company is part of KSA-based Ajwa Group for Food Industries, which operates in the food industry through the Middle East, Africa, Europe, and the Far East.

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