Cairo Capital To Discuss Listing National Seed In NILEX

Cairo Capital Group will convene board of directors meeting by the end of the current week so as to decide whether to go for listing National Seed Co. in NILEX or not.

Omar Maghawry, investment director at Cairo Capital Group, said the BOD meeting comes amidst seeking further suitable investment opportunities for National Seed Co. which has capital worth EGP 5 million. Cairo Capital Group owns 51% of National Seed Co.’s stakes.

Maghawry stated that National Seed is following a well-trodden path to success since its inception; he referred to the substantial profits the company always post.

“Cairo Capital also mulls making an acquisition deal for National Seed with one of the firms which works in the same field within the coming period.” Maghawry added