ArabFinance: The Egyptian Exchange’s (EGX) concerned committee approved delisting Modern Waterproofing Group’s (Bitumode) shares, according to the EGX disclosure.

The company will delist 119 million shares at a par value of EGP 1 per each.

Bitumode repurchases 606,331 shares offered for sale.

The company is a multinational group of companies that dates back to 1953. It is engaged in manufacturing a wide range of products for the construction industry.

The products cover a wide range of high-quality bituminous torch-applied and self-adhesive waterproofing membranes and protection boards.