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CAIRO - EFG Holding S.A.E. announced Monday it will hold an Extraordinary General Assembly meeting on Saturday, September 6, 2025, to vote on reducing its issued share capital and canceling treasury shares.
According to a press release statement, shareholders will consider approving a reduction in the company’s issued share capital from EGP 7.30 billion to EGP 7.18 billion through the cancellation of 23,713,000 treasury shares that have been held for over a year.
If approved, the total number of issued shares will decrease to 1,435,893,008 shares. The meeting will also address necessary amendments to articles 6 and 7 of the company’s Articles of Association to reflect these changes.
The EGM will take place at the company’s headquarters in Smart Village, Cairo, with options for remote participation and voting. Shareholders wishing to attend virtually must submit required documentation at least two days prior to the meeting.
For the meeting to be valid, at least 50% of the company’s outstanding shares must be represented. Resolutions require approval by a three-quarters majority of shares present or represented at the meeting.
EFG Holding, an Egyptian joint stock company, operates with an authorized share capital of EGP 30 billion. The company is registered under number 12665 at the 6th of October Commercial Registry in Giza.
Shareholders can access meeting documents and the remote voting platform five days before the EGM through the company’s electronic voting system.
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