Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority (EFSA) said there is no objection to ratifying the minutes of the ordinary general meeting of Arabia Investments, Development, Financial Investment Holding Co.

Investors took their decisions according to the best interest of the company, Samy told Al Wafd newspaper.

EFSA decided Monday to resume trading on the company that held its ordinary and extraordinary general meetings on Sunday.

The company’s general meeting revoked an earlier approval, dated June 7, 2008, on capital increase by the value of share in-kin presented by Mohamed Ali Kamel Metwalli and Fekria Abdel Hamid Ahmed and capital decrease by the same value.

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