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Souhag Food shareholders call for restructuring

Souhag Food shareholders call for restructuring
Sohag National
SNFI
-4.24% 5.20 -0.23

Shareholders of Souhag National Food Industries called for restructuring the company to list its stock on the official market.

Samir Raouf, a shareholder, said that shareholders submitted proposals to the Chairman, which included restructuring plan, in line with the current circumstances in the local market.

Shareholders hope that the company may become a major listed player that will be able to compete with rivals, Raouf said, adding that the stock’s current value does not reflect the real value of assets.