Cairo - Mubasher: The board members of Acrow Misr Formwork Technology issued a resolution to carry on with the procedure of voluntary delisting from the Egyptian Exchange (EGX), according to a bourse filing.
Meanwhile, the shares of those objecting, or the shareholders that do not wish to remain as part of the company after the delisting, will be bought for EGP 129.29 per share, based on the fair value (FV) issued by the independent financial advisor BDO Keys Financial Consulting in its summary report.
Moreover, the extraordinary general meeting (EGM) of Acrow Misr has been postponed to 6 January 2026 to give the auditor sufficient time to issue the report.
It is worth noting that in the first half (H1) of 2025, Acrow Misr registered consolidated net profits after tax of EGP 476.13 million, which marked a 14.72% year-on-year (YoY) decrease from EGP 558.37 million.
