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Maridive to hire investment bank for upgrade

Maridive to hire investment bank for upgrade
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Maridive
MOIL
-2.16% 0.23 -0.01

Cairo – Mubasher: Maridive & Oil Services Co. said its board of directors approved appointing an investment bank specialised in oil and gas sector to discuss means to modernise the company and study available strategic options locally and globally.

The investment bank will be assigned the study of methods of maximising the company’s value and upgrading its performance and investments.

The offshore and marine services provide earlier posted a 11.3% decline in consolidated net profit for the first half of 2015.