Naeem Holding's shareholders okays capital cut

The capital will be distributed on 350,414,638 shares

  

ArabFinance: Naeem Holding for Investment’s (NAHO) extraordinary general assembly approved issued and paid-in capital to $245 million from $264 million, according to the company’s filing on April 8th.

The capital will be distributed on 350,414,638 shares at the par value of $0.7, the company added.

Naeem’s consolidated net loss reached $349,600 (EGP 5.49 million) in 2020, down 94.3% from $6.13 million (EGP 96.36 million) in 2019.

Established in 1997, the public shareholding company is engaged in the provision of investment banking services within Egypt and abroad.

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