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Wednesday, 29 August 2018

Orange Egypt’s board of directors approves voluntary delisting proposal

Orange Egypt’s board of directors approved the company’s proposal for voluntary delisting during its meeting on Monday, according to a statement to the EGX (pdf). Orange had been facing mandatory delisting since the beginning of the year for failing to meet the EGX’s amendments on the required number of freefloat shares. The company expects to finalize delisting procedures by no later than December.

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