The issued capital will be distributed over 45,262,560 shares instead of 9,052,512 shares with a par value of EGP 1.24, according to the extraordinary general assembly (EGM) resolution dated Sept. 26, 2019.
The company said in a statement sent to the Egyptian Stock Exchange (EGX), the holders and buyers of the share, who will be recorded on Nov. 24, 2019, are entitled to trade the stock after splitting. It added the share will be trading starting Nov. 25, 2019.
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