The minutes of the general assembly has not been approved yet, as the approval procedures at the General Authority for Investments and Free Zones (GAFI) require the Central Bank of Egypt’s (CBE) approval on amendments to article (8) regarding changing the name of the major shareholder to execute the merger procedures conducted in the UAE, according to a statement to the EGX on Tuesday.
The bank also noted that it has received the CBE's approval and is working on amendments to the said article.
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