Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved the delisting of the shares of Assiut Islamic Trading with an issued capital of EGP 66.846 million as of the beginning of the trading session on Wednesday, 14 July. 

The decision includes the delisting of 6.68 million shares at a nominal value of EGP 10 apiece, the EGX said in a statement on Tuesday. 

On Monday, Assiut Islamic Trading executed a transaction to buy the shares of investors who are negatively affected by the voluntary delisting decision. The transaction involved the purchase of 211,560 shares for EGP 28.5 per share. 

During the first quarter (Q1) of 2021, the company achieved net profits of EGP 2.2 million, up from EGP 1.73 million in Q1-20.

The revenues increased to EGP 3.64 million in the January-March period, compared to EGP 3.29 million in the same period in 2020.