Cairo – Mubasher: The Extraordinary General Assembly of the Egyptian Iron and Steel Company "under liquidation" approved extending the company's liquidation period for one year.
The company stated in a release today that the extension period begins as of January 1, 2027, or upon the completion of liquidation works, whichever is earlier.
Regarding the Ordinary General Assembly, the assembly ratified the liquidator's report on the liquidation activity during the period from January 1 to June 30, 2026.
The assembly approved the financial position statement and the liquidation revenues and expenses account for the first half of the year with a surplus of EGP 210,089,923.
The general assembly recommended that the liquidator swiftly finalize the liquidation works and submit a timetable illustrating how to complete the remaining tasks to submit a final account.
The assembly also requested taking the necessary measures to remove encroachments on some of the company's lands, and promptly finalizing all settlements between the company and each of the Egyptian National Railways, the Egyptian Electricity Transmission Company, Petrotrade Services Company, and Petrotrade.
