GDRs
The company added in a filing to the Egyptian Exchange (EGX) that this decision will be reviewed by the extraordinary general assembly.
AMOC is waiting for the approval of the Egyptian General Petroleum Corporation (EGPC) to buy condensates from the UAE’s Dana Gas, the chairman said.
Under the agreement, Amer Group will convert and transfer a part of its issued capital into global depository receipts (GDRs).
Egypt’s Financial Supervisory Authority approves the issuance of Amer and Porto Groups for global depository receipts (GDRs) up to one-third of their capital.
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