Egypt.. GMC shares rise after announcing the formation of the Board of Directors

The shares of GMC Industrial, Commercial and Financial Investments Company, known as “GMC”, listed and traded on the Egyptian Stock Exchange, rose after it announced the restructuring of the company’s board of directors, before the end of trading on Monday.

The stock rose by 1.94%, trading at 1.02 pounds per share.

GMC Industrial, Commercial and Financial Investments Company announced that it has accepted the resignation of the following members of the company’s Board of Directors: Asma Mahmoud Reda Ahmed Abdel Aziz, Jihad Mahmoud Ahmed Abdel Aziz Al-Khodary, and Nidaa Ali Al-Sayyed Hassan.

The company also announced the appointment of the following new members to the Board of Directors: Ahmed Youssef Al-Najdi, Shadi Ibrahim Al-Desouki Matar, and Wafa Ahmed Muhammad Al-Tawab.

Trading in “Bank Al Jazira” shares at that time occurred through 22 trading transactions, involving 1.3 million shares, with a trading value of 1.3 million pounds.

The highest price per share at that time was 1.05 pounds, while the lowest price per share was 1.02 pounds.

GMC Group for Industrial, Commercial and Financial Investments, known as “GMC”, is a public company that was listed on the Egyptian Stock Exchange in January 2006.