7 Hrs
Source:
بوابة الفجر
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Source: بوابة الفجر
7 Hrsبوابة الفجر
Source: بوابة الفجر
7 HrsReady to play
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Digitize for Investment and Technology is preparing to expand into telecommunications infrastructure and enter new markets after receiving letters of intent from Saudi company Nabd Al Afaq and Egyptian company G Technology to invest in the company and participate in a capital increase and restructuring. The board approved beginning negotiations. The company also reconstituted its board, appointing Yousry Atlam as chair, and established four committees: investment; remuneration and nominations; governance; and audit. The changes are intended to strengthen planning, oversight, and corporate governance. Digitize has also drawn up a plan to recover EGP 140.962 million in outstanding dues. The plan includes taking legal action in Egypt and initiating arbitration against a foreign supplier that failed to meet its obligations.
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