Arab Finance: The Financial Regulatory Authority (FRA) approved publishing the capital reduction prospectus of Pyramisa Hotels and Resorts on the Egyptian Exchange (EGX), according to a bourse statement.
Accordingly, the company seeks to reduce its issued and paid-up capital by EGP 33 million to EGP 474 million from EGP 507 million.
The capital cut will be executed through writing off 1.65 million shares, with a nominal value of EGP 20 per share.
On May 13th, the EGX-listed firm disbursed a cash dividend of EGP 4 per share for 2025.
