Cairo - Mubasher: The extraordinary general meeting (EGM) of ElSaeed Contracting and Real Estate Investment Company has approved a decrease in the issued and paid-up capital to EGP 754.78 million from EGP 761.91 million by way of treasury shares cancellation.
The company will cancel 7.13 million treasury shares at a nominal value of EGP 1 per share, according to a bourse filing on Tuesday.
It is noteworthy to mention that in the first nine months (9M) of 2021, the company's net profits declined to EGP 67.03 million from EGP 78.73 million in the year-ago period.
