ArabFinance: Barbary Investment Group’s (BIG) board of directors approved capital decrease to EGP 15.082 million from EGP 30.164 million, according to the company’s statement filed to the Egyptian Exchange.
Moreover, the company will increase the capital to EGP 45.246 million from EGP 15.082 million.
The listed company a consolidated net loss before minority interest of EGP 3,953,958 in 2020, compared to EGP 3,224,115 incurred in 2019.
BIG is an Egypt-based holding company that provides automotive auto parts, products of the original equipment manufacturer, and aftermarket spare parts.
The company’s diversified portfolio includes establishing one-stop shops for automotive parts, strategic acquisitions of automotive brands, automotive dealerships, and manufacturing and assembly of related automotive factories.
