ArabFinance: Egypt Kuwait Holdings (EKH) extraordinary general assembly approved the proposal to convert the currency of its shares to EGP, the company said in a statement to the Egyptian Exchange.

This will be optional for shareholders who would be willing to convert.

The conversion window opens on June 15th until September 15th.

Furthermore, trading in Egyptian pounds will be limited to shareholders who have expressed their desire and submitted through their custodians to the Misr Central Clearing, Depository and Registry Company, transfer requests. The converted shares into the Egyptian pound will not be traded in US dollars in the future.

The company's shares will continue to be traded in US dollars for the shareholders who did not apply for conversion.

The functional currency of the company's will remains in USD.

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