Ataqa To Reconcile With EGX Listing Rules, Backs Down On Delisting

Misr National Steel – Ataqa – (ATQA.CA) has announced Monday that the company starts to reconcile with the Egyptian Exchange (EGX) listing rules through par value split.

Jamal Abdul Qader, Ataqa Chairman and Managing Director, said the company will be offering 10% of its shares for trading. He also added that Ataqa’s extraordinary shareholders meeting (ESM) shall be held by the end of this month (September).

During Ataqa board of directors meeting held Sunday, Abdul Qader suggested overturning the shareholders’ decision on the optional delisting from the EGX. Ataqa shareholders’ last meeting decided on the optional delisting on April 9^th.