Cairo – Mubasher: The board of Amer Group Holding Co has approved to cut issued and paid-up capital by EGP 100.31 million to EGP 902.79 million from EGP 1.003 billion.

The company will decrease its capital by canceling 100.31 million treasury shares at a nominal value of 100 piasters, according to a bourse filing on Tuesday.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company reported consolidated net profits of EGP 187.92 million, a leap of 1,783% year-on-year (YoY) from EGP 9.98 million, including minority shareholders' rights.