The ordinary general meeting of Alexandria National Company for Financial Investment endorsed on Thursday authorizing the company to conclude compensation contracts with ADIB-Egypt, El Kahera El Watania Investment, Assiut Islamic Trade & Development and National Company for Trade & Development.
The company had offered 750,000 shares, or 8% in in Adelease Finance Leasing to major shareholders, out of its equity amounting to 952,283 shares, or 9.96%.
Meanwhile, the extraordinary general meeting (EGM) postponed a decision on the board's proposal for reducing the stock par value to EGP 5 from EGP 10; thus raising the number of shares to 5.2 million from 2.6 million.