Cairo – Mubasher: The Extraordinary General Meeting (EGM) of Ajwa Group for Food Industries – Egypt has decided to comply with a court judgement invalidating the general assembly’s decision on 15 November 2009 to split the par value of the company’s stock.

The EGM also approved the amendment of the sixth and seventh clauses of the articles of association, according to a bourse statement released on Wednesday.

It is worth noting that Ajwa Group turned to losses in the first six months of 2019, reporting a net loss of AED 38.7 million.