ArabFinance: Mena for Touristic and Real Estate Investment will split the stock’s par value to EGP 1 from EGP 2 per share on March 11th, according to March 3rdstatement filed to the Egyptian Exchange.
The company will maintain the issued capital unchanged at EGP 150 million distributed over 150 million shares.
The shareholders recorded on March 10th will be entitled to the stock split.
Mena incurred a consolidated net loss of EGP 16,248,895 in the first nine months of 2020.
The listed firm previously refuted discussions with FAM Holding over a stake purchase in the former.
Mena, established in 1980, operates in the fields of construction, real estate investment, project management, and urban development both locally and internationally.
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