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EK Holding EGM to amend articles of incorporation July 14

EK Holding EGM to amend articles of incorporation July 14
EKH
EKHO
0.22% 0.90 0.00
Egypt Kuwait Holding Co. (EK Holding) announced that an extraordinary general meeting (EGM) will be held on Monday, July 14, 2014.
Shareholders will look into amending article of incorporation No. 21 as regards the necessary that each board member should own guarantee shares worth $250 thousand.
They will also discuss amending article of incorporation No. 57 as regards periodic dividend distributions.
The company’s Q1 financial results had shown $23 million net profit, with a 14% rise y/y from $20 million.