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Ajwa denies court rule to pay EGP 56m compensations

Ajwa denies court rule to pay EGP 56m compensations
اHead quarter of Ajwa Group for Food Industries (Photo Credit: company website)
Ajwa
AJWA
-2.97% 46.43 -1.42

Cairo – Mubasher: Ajwa Group for Food Industries – Egypt negated that a court has issued a rule that obligates it to pay compensations amount to EGP 56 million to investors.

The Egyptian food stuff producer stated that it has earlier appealed against a previous court rule that orders it to pay compensations worth EGP 28 million.

Previously, number of shareholders in Ajwa filed a lawsuit for indemnity against the loss from the period of suspending the company’s stock from trading on the local market.