In April 2018, the Financial Regulatory Authority (FRA) has asked Qalaa Holdings to appoint an independent financial advisor to set the FV of its stock.
Qalaa Holdings has also reported a slight rise in its consolidated losses during the full-year ended December 2017.
Net loss totalled EGP 5.9 billion last year, versus EGP 5.6 billion in the year before, the company said in a filing to the Egyptian Exchange (EGX).
Revenue grew to EGP 9.28 billion in 2017, up from EGP 7.6 billion a year earlier.
Meanwhile, standalone losses plunged 77% year-on-year to EGP 452.3 million last year, against losses of EGP 2.003 billion in 2016.
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