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Reacap’s runs down portfolio, fund services

Reacap’s runs down portfolio, fund services
Photo credit: Arabianeye - Reuters
Naeem Real Estate
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Cairo – Mubasher: Reacap Financial Investments said on Sunday said that its services of configuring and managing portfolios and investment funds have been completely run down.

At an extraordinary general meeting, shareholders took the step through an amendment to the company’s statute.

Reacap earlier posted a net profit of EGP 41,880 in the first nine months of 2015, compared to a loss of EGP 35.67 million.