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Tameer EGM endorses stock split

Tameer EGM endorses stock split
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Cairo – Mubasher: Development & Engineering Consultants Co. (Tameer) said it was cleared by the firm’s extraordinary general meeting (EGM) to reduce the stock’s par value to EGP 9 from EGP 14.

The EGM also approved amending articles of incorporation accordingly.

The engineering company previously posted EGP 32.1 million in net profits for 2014, a drop of 16% year-on-year.