![](https://amayei.nyc3.digitaloceanspaces.com/2018/09/efg_hermes.png)
Egypt's EFG Hermes, one of the Middle East's largest investment banks, will reduce its capital by LE184.782 million ($23.61 million) through terminating treasury stocks, it said on Thursday.
The company's capital will fall to LE3.074 billion, from LE3.259 billion, it said in a statement to the Egyptian bourse.
($1 = LE7.8250)