ArabFinance: Barbary Investment Group’s (BIG) extraordinary general meeting (EGM) approved issued and paid-in capital cut to EGP 15.082 million by split the stock to EGP 0.10 from EGP 0.20, according to the company’s statement filed to the Egyptian Exchange.
Moreover, the EGM ratified the continuity of the company’s business.
The listed company incurred a consolidated net loss 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.
