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Egypt - The ordinary general meeting (OGM) of Atlas for Investment and Food Industries (AIFI) approved to float 25% of its owned shares in its subsidiary Atlas Siwa for Agricultural Development on NileX, according to a statement filed to the Egyptian Exchange (EGX).
The OGM also assigned the company’s chairman to set the value and percentage of the offering and to take the necessary decisions once the independent financial advisor’s study is complete.
Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.
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