The board of Acrow Misr Metallic Scaffoldings and Frameworks discuss on Monday the approval of the General Authority for Investment and Free Zones (GAFI) on the company’s conversion of its operation from internal investment to free zones system.
The company’s upcoming ordinary and extraordinary general meeting will look into the subject.
The board also endorsed filing with the Egyptian Exchange (EGX) to change the capital’s currency to the U.S. dollar from the Egyptian pound, in addition to amending the company’s objectives.
Acrow Misr had previously decided to raise issued capital to EGP 110.109 million from EGP 73.406 million.
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