Barbary Investment Group to list capital decrease on Egypt's EGX
The capital decrease will be executed through cutting the nominal value of Barbary Investment Group’s stock to EGP 0.10 from EGP 0.20
Traders work at the Egyptian stock exchange in Cairo, Egypt April 18, 2016.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Arab Finance
Egypt - Barbary Investment Group (BIG) has submitted documents to the Egyptian Exchange (EGX) to list its issued capital decrease, the EGX announced in a statement.
The company’s issued capital will fall by EGP 15.082 million to EGP 15.082 million from EGP 30.164 million.
The capital decrease will be executed through cutting the nominal value of Barbary Investment Group’s stock to EGP 0.10 from EGP 0.20, while keeping the number of its shares unchanged at 150.82 million.
BIG is an Egypt-based holding company that provides automotive auto parts, products of the original equipment manufacturer, and aftermarket spare parts.
The company’s diversified portfolio includes establishing one-stop shops for automotive parts, strategic acquisitions of automotive brands, automotive dealerships, and manufacturing and assembly of related automotive factories.
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