Arab Finance: The board of directors of MM Group for Industry and International Trade (MTI) has approved swapping nearly 40.5% of shares in Basata Holding for Financial Payments via a non-cash share swap transaction at a par swap ratio of 1:1, as per a disclosure.

This is aligned with Article 43 bis and 44 of the Egyptian Exchange’s (EGX) listing rules.

The board also endorsed the opening of a new branch to serve the company’s business activities.