Samcrete Egypt- Engineers & Contractors held an extraordinary general meeting on Sunday, September 07, at head office.
Shareholders gave the go ahead for the company’s break-up, and endorsed the method of splitting assets and liabilities, as well as the par value for resulting shares.
The EGM also discussed the position of companies resulting from the break-up as regards EGX listing.
The company’s board had approved a break-up of the company into four companies: Samcrete Real Estate Development, Samcrete Tourism Development, Samcrete Egypt Engineers & Contractors and Samcrete Building Systems.