NAEEM Holding extraordinary general meeting (EGM) approved the listing of the company’s shares on Abu Dhabi Securities Exchange, the number of outstanding shares in Abu Dhabi will not exceed one-third of NAEEM’s paid in capital equivalent to USD 198.7Mn consisting of total current 283,889,471 shares with a par value of USD 0.7. Moreover, EGM ratified the issuance of guarantee for its subsidiaries and mandated the Executive manager to sign the guarantee contracts. NAEEM Holding has received the approval of Egyptian Stock Exchange -listing committee approves to Capital decrease to $198.8 million from $283.9 million. The decrease will be realized by changing the par value from initially USD 1 to USD 0.7 per share, while the outstanding number of shares will remain the same. The difference will be allocated to other reserves. The purpose of this capital decrease is to be eligible to a required ratio by Abu Dhabi authorities for the purpose of dual listing in ADX. NAEEM Holding announced that the capital changes to be applied to EGX database effective October 31st 2016.