The Egyptian Exchange’s (EGX) listing committee approved the voluntary delisting of Assiut Islamic National for Trading and Development (AITG) from EGX, according to the EGX website.
The listed company will buy back its share from shareholders who may be affected by delisting at EGP 28.5 per each.
Assiut’s issued capital amounts EGP 66.847 million distributed on 6.685 million shares with a par value of EGP 10 per each.
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Zilla Capital for Investment set the fair value of Assiut at EGP 22.35 per share.
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.
