Arab Finance: Al Ezz Dekheila Steel Co – Alexandria’s (EZDK) board has approved the voluntary delisting of the company’s shares from the Egyptian Exchange (EGX), according to a statement sent to the EGX on July 11th.
The board has also decided to buy the shares owned by those who object to the delisting decision at EGP 1,250 per share.
It is worthy to note that the company’s consolidated net losses after tax amounted to EGP 2.351 billion in the first quarter (Q1) of 2023, versus net profits of EGP 1.190 billion in Q1 of last year.