Cairo - Mubasher: The Egyptian Exchange’s (EGX) Listing Committee has agreed to write off the shares of Orange Egypt for Telecommunications.
Transactions implemented on traders affected by the delisting amounted to 9.23 million shares at EGP 17.29, the EGX highlighted in a statement.
Transactions executed on the company’s shares stood at 0.566%, accounting for 93.94% of free-float shares, the Egyptian bourse added.
In September, the extraordinary general meeting (EGM) of Orange Egypt approved to optionally write off the company's shares from the EGX.
The telecom firm’s capital amounts to EGP 16.32 billion distributed over 1.632 shares at a par value of EGP 10 per share.
