Naeem Holding's shareholders okays capital cut
Updated 4/8/2021 10:10:36 AM
ArabFinance: Naeem Holding for Investment’s (NAHO) extraordinary general assembly approved issued and paid-in capital to $245 million from $264 million, according to the company’s filing on April 8th.
The capital will be distributed on 350,414,638 shares at the par value of $0.7, the company added.
Naeem’s consolidated net loss reached $349,600 (EGP 5.49 million) in 2020, down 94.3% from $6.13 million (EGP 96.36 million) in 2019.
Established in 1997, the public shareholding company is engaged in the provision of investment banking services within Egypt and abroad.
