Capiter has not decided to liquidate its assets or lay off employees: CEO ...Egypt

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Capiter has not decided to liquidate its assets or lay off employees: CEO
Capiter Holding Company – the Egyptian company specialized in the field of e-commerce – is going through financial difficulties, but has not issued a decision to liquidate its assets, declare bankruptcy, or lay off employees, CEO of Capiter, Maged al-Ghazouly assured. During a phone call to the “Hadret al-Mowaten” program broadcast on Al-Hadath Al-Youm satellite channel on Sunday evening, Ghazouly said that the company was studying acquisition and investment projects from external parties. He explained that the Noah brothers’ relation with the Board of Directors has a legal nature, and the law will take its course. Capiter is a strong startup tech Egyptian company with transactions worth LE

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