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Remco board approves capital cut

Remco board approves capital cut
(Photo credit: Arabianeye - Reuters)
Remco
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Cairo – Mubasher: Remco for Tourism Villages Construction’s board of directors has agreed to reduce the issued capital via writing off 1 million treasury stocks.

Thus, the capital will be EGP 2.4 billion distributed across 246.7 million shares with a nominal value of EGP 10, according to a bourse filing released on Sunday.