El Obour Real Estate Investment (OBRI) has postponed its extraordinary general meeting, which was scheduled for Thursday, August 21, till September 13, due to lack of quorum.
The EGM will discuss and approve increasing the company’s issued capital by EGP 22 million, divided into 4.4 million shares at par value of EGP 5 each. The EGM will look into inviting shareholders of record to subscribe to the secondary shares, and that is in accordance with the rights issue pursuant to the Board of Directors’ decision as at July 12, 2014.