Kesington Adebutu’s Abrico Plc, to delist from NGX after shareholder funds wiped out

Arbico Plc has announced a pivotal move with its decision to voluntarily delist from the Nigerian Exchange Limited, as revealed in a recent notice of an Extraordinary General Meeting (EGM) scheduled for March 21, 2024.

Arbico Plc, a Nigerian construction and civil engineering company, has been facing financial challenges in the last few years.

According to the company, the meeting, set to take place at Park Inn by Radisson in Abeokuta, will address significant resolutions regarding the company’s future direction.