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EFG-Hermes sells EGP566 mln treasury shares to EFG-Hermes IB Limited

EFG-Hermes sells EGP566 mln treasury shares to EFG-Hermes IB Limited
EFG Holding
HRHO
-2.49% 17.65 -0.45
The board of EFG Hermes Holding approved on Thursday the sale of 36.956 million treasury shares to wholly-owned subsidiary EFG-Hermes IB limited at EGP15.32 per share, totaling EGP 566.2 million.
EFG also announced donating EGP 20 million to "Long Live Egypt" Fund in accordance to its corporate social responsibility.
The board approved a EGP 50 million donation to the company's EFG Hermes Social Development to implement projects in poor villages in Upper Egypt.