Cairo – Mubasher: Orascom Construction Industries (OCI) said its extraordinary general meeting approved the voluntary delisting of the company’s shares from the Egyptian Exchange, according to a bourse filing sent Sunday.

The EGM also approved the possibility of buying equities owned by shareholders that reject the delisting of the company's shares.

Earlier, OCI board gave a nod to delisting the company's 208.93 million shares from Cairo bourse.

The firm attributed this move to the decline of its free float stake to 0.0598%.

OCI earlier reported net profits of EGP 4.6 billion in 2014, against losses of EGP 1.4 billion in the previous year.