Arab Finance: The extraordinary general meeting (EGM) of Egyptians for Investment and Urban Development (EIUD) decided to change its name to GBI for Urban Growth Company, as per a bourse filing.
The EGX-listed firm plans to amend Article 2 of its articles of association.
In June, the company approved increasing the issued and paid-up capital to EGP 165 million from EGP 150 million.