Assiut Islamic Trading submits voluntary delisting request to Egypt's EGX

The request includes delisting 6.68mln shares

  
The Egyptian Exchange bell is seen at the stock exchange in Cairo, April 28, 2015. Image used for illustrative purpose

The Egyptian Exchange bell is seen at the stock exchange in Cairo, April 28, 2015. Image used for illustrative purpose

REUTERS/Mohamed Abd El Ghany
Cairo –  The Egyptian Exchange (EGX) has received a request from Assiut Islamic Trading to delist its shares from the bourse.

Assiut Islamic Trading has asked for delisting 6.68 million shares at a nominal value of EGP 10 apiece as per the board’s decision on 27 April, the EGX said in a statement on Wednesday.

The request will be referred to the listing committee for approval.

In April, the board of directors approved the voluntary delisting of the company’s shares from the EGX.

In March, The EGX announced the execution of a mandatory tender offering (MTO) worth EGP 139.317 million on the shares of Assiut Islamic Trading.

Source: Mubasher

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