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Samcrete Misr general meeting approves company’s splitting

Samcrete Misr general meeting approves company’s splitting
Samcrete Misr general meeting approves company’s splitting
Samcrete Misr
SMCS
0.00% 16.37 0.00

Cairo – Mubasher: The extraordinary general meeting of Samcrete Misr gave a nod to splitting the company in to three companies, said a bourse filling.

Samcrete said its capital following the splitting process will be EGP 112.2 million.

The company reported net profits of EGP 3.5 million for the third quarter of 2016.