Cairo National renew company period
Updated 4/6/2021 3:12:00 PM
ArabFinance: Cairo National for Investment and Securities’ extraordinary general assembly approved, On March 31st, renew the company period for 25 years, according to a statement filed to the Egyptian Exchange.
The listed company posted a consolidated net profit before the minority stake of EGP 1,297,643 in 2020.
Earlier, Cairo National’s board of directors approved the sale of its 40.96% stake in Alexandria National Company for Financial Investment.
Cairo National invests in the start-up business and provides securities exchange-related services. Its main purpose is to promote and underwrite securities, participate in the establishment of companies that issue securities, and portfolio management.
