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Egypt’s Prime Minister Hisham Kandil adopted a decree approving the inception of Shalatin Co. For Mineral Resources S.A.E owned by Egyptian Mineral Resources Authorities (EMRA) and National Investment Bank (NIB). The authorized capital of the new capital is valued at EGP 10 million.
PM Kandil said in his official Facebook page the decree comes as a sideline to a number of decisions to be issued within the coming period targeting supporting the national economy.
