Egyptian Exchange: Reducing The Share Of Arabia Investments, Development, Financial Investment Holding

During its meeting today, 27th of May 2014, Listing Committee decided to approve capital reduction for Arabia Investments, Development, Financial Investment Holding from 943.8 million pounds to around 534.6 million pounds.   This comes in accordance to the decision of the extraordinary general assembly, mid-February 2014, to revoke the decision of the extraordinary general assembly on 7/6/2008.  This also comes in accordance to the statement of The Egyptian Financial Supervisory Authority (EFSA) early last April and the certification of EFSA of canceling issuance of in kind shares amounting to 409.2 million shares. 
 
Capital after reduction 534,623,725 pounds spread over 534,623,725 shares with face value of 1 pound per share.  Deleted shares shall be deleted from the database as of the beginning of trading session on Thursday, 29th of May, 2014.