Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Nile Cotton Ginning submitted a request to delist its 52.99 million shares valued at EGP 5 apiece from the bourse as per the board’s decision.

Procedures are underway to implement the voluntary delisting of the shares and purchase the shares owned by those who are against the voluntary delisting, according to a statement on Wednesday.

During the first quarter (Q1) of fiscal year 2020/2021, Nile Cotton Ginning turned to net losses of EGP 3.23 million, against net profits of EGP 467,172 in the year-ago period.