The securities listing committee of the Egyptian Exchange decided to unfreeze shares of the founders and board members of Pharaoh Tech for Control and Communication Systems.
The founders and board members’ shares represent 25% of the company's shares that had been previously frozen as per a decision by market regulator EFSA.
Pharaoh Tech had posted EGP 202 thousand net profit in Q1-14, with 18% growth y/y from EGP 171 thousand.