Egypt’s EFG Hermes to reduce capital to LE3.07 bn

 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)

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