Cairo National for Investment, INTED to sign netting contracts

Updated 9/13/2022 8:51:00 AM

Arab Finance: The ordinary general meeting (OGM) of Cairo National for Investment and Securities (KWIN) approved the signing of netting contracts with National Company for Trading and Development (INTED), according to a statement filed to the Egyptian Exchange (EGX) on September 12th.

Under the contracts, Cairo National seeks to purchase 666,670 shares of INTED’s stake in Assiut for Agricultural Development Company's capital at a total value of EGP 7.233 million, equivalent to EGP 10.85 per share.

Cairo National is an Egypt-based company that invests in the start-up business and provides securities exchange-related services, with the aim of promoting and underwriting securities, as well as participating in the establishment of companies that issue securities, and portfolio management.

 

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