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EGX nods to cutting authorized capital for Ismailia Misr Poultry

EGX nods to cutting authorized capital for Ismailia Misr Poultry

ArabFinance: The Egyptian Exchange’s (EGX) listing committee has approved the authorized capital decrease for Ismailia Misr Poultry (ISMA) to EGP 1.7 billion from EGP 2 billion, according to a statement.

This decision came in accordance with the audited Article 10 of the listing and delisting rules as per the Financial Regulatory Authority’s (FRA) resolution No. 138 for 2020.

The Egypt-based public shareholding company engaged in manufacturing and producing poultry products. It operates production stations, which consist of fodder plant, broiler fattening stations, laying hens farming stations, poultry feed manufacturing unit, hatching unit, and slaughterhouse.

 

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