Arab Finance: The Egyptian Exchange’s (EGX) Listing Committee has approved listing the issued capital reduction for Amer Group Holding (AMER) through writing off 100.309 million treasury shares, according to a bourse disclosure on July 20th. 

Accordingly, the company’s issued capital shall decrease to EGP 902.789 million from EGP 1.003 billion. 

The capital after the decrease will be distributed over 902.789 million shares at a nominal value of EGP 1 per share. 

The company’s shares following the capital cut will be registered on the EGX’s database as of Monday, July 25th. 

Amer Group is an Egypt-based leading real estate developer engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurants, hotels, malls, and retail. 

Cairo Development ratifies capital hike via bonus shares Updated 6/7/2015 11:52:45 AM

South Valley Cement delays capital hike procedures Updated 5/13/2015 4:12:49 PM