By: Waleed AbdelSalam

Cairo – Mubasher: The ordinary general meeting (OGM) for Arabia Investments, Development and Financial Investment Holding Co. (AIND) on Wednesday approved a board reshuffle, according to the company's investor relations executive Hisham Zakaria.

The board members include Abdel Fattah Khalifa Ashour as chairman and Ihab Al Rayes, Ibrahim Khalil and Nagy Hendy as board members.

The OGM approved the cancellation of the decision to distribute annual dividends as well as the remaining items on the agenda, Zakaria added.

The company posted a consolidated net loss of EGP 7 million in 2015 against a net profit of EGP 40.23 million the year before.

Translated by: Nada Adel Sobhi