CAIRO: Egypt’s EFG Hermes, one of the Middle East’s largest investment banks, will reduce its capital by 184.782 million Egyptian pounds ($23.61 million) through terminating treasury stocks, it said on Thursday.
The company’s capital will fall to 3.074 billion pounds, from 3.259 billion, it said in a statement to the Egyptian bourse.
($1 = 7.8250 Egyptian pounds)