Cairo – Mubasher: The Egyptian Exchange (EGX) said that Nile Cotton Ginning executed a transaction to purchase the shares of those who are affected negatively by the voluntary delisting decision.
The company bought 439,150 shares for EGP 50 apiece, totalling EGP 21.95 million, the EGX said in a statement on Wednesday.
During the first quarter (Q1) of fiscal year (FY) 2020/2021, Nile Cotton Ginning turned to net losses of EGP 3.23 million, against net profits of EGP 467,172 in the year-ago period.
