Trading On EFG-Hermes’ Shares Suspended: EGX

By Yomna Yasser On May 5, 2012

The Egypt’s Stock Exchange (EGX) suspended trading On EFG-Hermes (HRHO)’s shares at the start of Thursday’s session 03/05/2012 after EFG-Hermes said it had reached an agreement to form a region-wide investment bank with Qatar’s Qinvest.

Sources told Amwal Al Ghad that the suspension comes amidst the EFG-Hermes’ announcement of distributing dividends of EGP 4 per share. “Dividends distribution is a sheer manipulation of the company’s BoD.” the source asserted.