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.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities