Earlier, EFG Hermes board gave a nod to reduce the company's issued capital by EGP 184.78 million from EGP 3.26 billion to EGP 3.07 billion. Further to our report last Thursday regarding Egypt 's Bank Hermes ' intention to reduce its reserves by EGP 185 m ( $ 150 m ) through the ﻿termination of﻿ treasury stocks , the Egyptian Exchange ( ET ) have announced that they are to closely examine this report from the bank .
Further to our report last Thursday regarding Egypt 's Bank Hermes ' intention to reduce its reserves by EGP 185 m ( $ 150 m ) through the ﻿termination of﻿ treasury stocks , the Egyptian Exchange ( ET ) have announced that they are to closely examine this report from the bank .