Samcrete general assembly approves voluntary delisting

Construction firm Samcrete Egypt’s general assembly has approved voluntary delisting from the EGX, after failing to meet amended EGX listing requirements, reports Youm7. The EGX had given companies until the end of 2019 to meet the new requirements before facing mandatory delisting. Samcrete announced in July its plans to voluntarily delist and float shares again once it meets the new regulations.