Orange Egypt OGM to discuss financing deal with MT Telecom 6 July

Orange Egypt for Telecommunications said Wednesday that its ordinary general meeting (OGM) will discuss on 6 July the signing of a financing agreement with its major shareholder MT Telecom.

Furthermore, the OGM will look into the recent changes in the board of directors, according to a bourse filing.

MT Telecom owns a 98.92 percent stake in Orange.

Orange’s stock fell on Tuesday by 4.13 percent  to reach 93.2 Egyptian pounds.

Source: Mubasher

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