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Thursday, 1 August 2019

Union National Bank’s BoD approves voluntary delisting from Egypt’s exchange

Union National Bank’s board of directors has approved a decision to voluntarily delist the bank’s shares from the EGX and purchase the minority shareholders' shares at their fair value, according to a bourse disclosure (pdf). The board has called for an extraordinary general assembly meeting to vote on the delisting and nominated its chairman to set the date. The EGX’s delisting committee separately also greenlit the voluntary delisting of the National Company for Maize Products, according to the stock market’s session news screen.

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