Sunday 17/November/2024 – 01:44 PM
Cairo Oils and Soap Company responded to the news circulating regarding the company’s tendency to sell a controlling stake to support its expansion, saying that the company has nothing to do with the published news, from near or far.
Discussions for an investor to buy a share in the capital of Cairo Oils and Soap
She added in a statement sent to: stock marketIn response to her inquiries, she said that there was a meeting at the General Authority for Investment and Free Zones, which is a regular meeting to encourage investors to invest in Egypt, and there were discussions about the entry of an investor to buy a share in the capital of the Cairo Oils and Soap Company, and there are still no agreements of any kind. Absolutely with any Egyptian, Arab or foreign investors.
The company also confirmed that there are no fundamental unannounced events at the present time that would affect the stock price on the stock exchange.
In a separate context, the General Assembly agreed for control Last December, Finance Ministry published the disclosure form for Cairo Oils and Soap Company, in accordance with the provisions of Article 48 of the listing rules on the Egyptian Stock Exchange, regarding the company’s Board of Directors’ decision to approve proceeding with the procedures for increasing the issued capital for the benefit of old shareholders from 234 million pounds to 312 million pounds. One million pounds.
