FRA nods to Amer Group’s capital reduction
Updated 2/27/2022 3:39:08 PM
ArabFinance: The Financial Regulatory Authority (FRA) approved to publish the disclosure on the decisions of Amer Group Holding’s (AMER) board of directors regarding calling for holding the extraordinary general meeting (EGM) to agree on the company’s capital decrease, according to a bouse filing.
The board previously approved to cut the company’s issued capital to EGP 902.78 million from EGP 1.003 billion by EGP 100.309 million through writing-off 100.309 treasury shares at a nominal value of EGP 1 per share.
Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurant, hotel, malls, retail, among others.
