Arab Finance: Misr Cement's (Qena) (MCQE) Board of Directors was convened on 24/10/2016.
BoD decided to delay discussion on standalone 9-month results, till finalizing the consolidated results for the same period.
Moreover, BoD mandated the company's Chairman to sign the note of conditions (A co-facilitation by National Bank of Egypt, Banque Misr and Commercial Bank of Egypt (COMI) amounting to LE210 million) aiming to finance part of the capital hike.
Source: EGX & Arab Finance editor