June 21, 2021

Assiut Islamic National to buy back shares at EGP 28.5 per each


ArabFinance: Assiut Islamic National for Trading and Development (AITG) will buy back its shares from the shareholders who reject voluntary delisting from the Egyptian Exchange (EGX), starting Thursday, June 24th until July 8th, according to the company’s release on June 21st.

The company will purchase the share at EGP 28.5 per share.

On April 27th, Assiut Islamic’s board of directors approved voluntary delisting from the EGX according to the listing rules.

It’s worth mentioning that Assiut’s issued capital amounts EGP 66.847 million distributed on 6.685 million shares with a par value of EGP 10 per each.

Assiut Islamic is an Egypt-based public shareholding company engaged in the trade and distribution of building materials and agricultural machinery, and in the transportation sector. It is involved in marketing all types of grains, seeds, and agricultural crops, as well as the sale and export of cotton.

arabfinance


Categories : islamic finance

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