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ALICO delays general meetings for lack of quorum

ALICO delays general meetings for lack of quorum
The company earlier posted a net profit of EGP 3.8 million in 2015. (Photo credit: Company website)
ALICO
RREI
-7.62% 1.07 -0.09

Cairo – Mubasher: Arab Real Estate Investment (ALICO) postponed its ordinary and extraordinary general meetings (OGM, EGM) scheduled for Tuesday to today due to the lack of quorum.

The OGM will discuss the financial results of the fiscal year 2015 and the board of directors and auditor’s reports on the year.

The company earlier posted a net profit of EGP 3.8 million in 2015, versus EGP 3.5 million in 2014.