Major Share Capital Downsize Expected in EFG Holdings Crucial Extraordinary General Meeting

On August 10, 2025, the chairperson of the Board of Directors from EFG Holding S.A.E., an esteemed Egyptian joint stock company, issued an invitation to all the company’s shareholders. This invitation is for the upcoming Extraordinary General Assembly meeting, a pivotal event in the history of this business powerhouse. What makes this meeting extraordinary, you ask? It is here that the company’s shareholders are set to vote on the resounding proposal to reduce the firm’s issued share capital from a hefty EGP 7,298,030,040 by way of cancelling 23,713,000 treasury shares. Should this proposal receive approval at the meeting, the total number of issued shares of the company will stand at a revised 1,435,893,008 after the reduction. But the agenda for this substantial meeting doesn’t end there. The participants will also debate amending articles 6 & 7 of the company’s Articles of Association, all in the light of the proposed share capital reduction. Anticipation runs high as shareholders await the date of the EGM – Saturday, September 6, 2025. In a gesture toward inclusivity and accessibility, this critical meeting will offer options for remote participation and voting, allowing shareholders globally to have their say. To take part, shareholders must submit necessary data and credentials beforehand, including personal identification and share freezing certificates from at least three days prior to the EGM. The digital era accommodates even the heart of finance as shareholders now wait eagerly for their login credentials, to participate in a meeting that may mark a crucial turn for EFG Holding S.A.E.