Arab Finance: Samcrete Misr's (SMCS) Board of Directors was convened on November 30.

The company's BoD approved the disclosure report in order to conduct procedures of capital cut according to the financial position that was  taken for splitting, March 31, 2016, instead of December 31, 2014.

The BoD mandated the Chairman to call the extraordinary general assembly to be convened, to review:

Amending one of the decisions made by EGM, that was held on August 24, 2015, as it approved the company’s initial split into 4 companies according to the financial position on March 31, 2013.

Moreover, EGM will discuss amending the financial position that was taken for splitting