Giza General Contracting and Real Estate Investment Company’s board of directors approved, on November 16th, a 1:5 split of the share’s par value, according to the company’s November 22ndstatement filed to the Egyptian Exchange.
The company will split the par value from EGP 1 to EGP 0.20 per share. Accordingly, the board called for the extraordinary general meeting to amend articles no. 6 and 7 of the company’s articles of association.
The company reported a consolidated net profit stood at EGP 40,224,008 in the January-September period of 2020, a 16% decrease from EGP 47,999,670 achieved in the prior-year period.
In March, the EGX announced the execution of a block trading deal on 12,000,000 shares of the company's capital worth EGP 10,200,000.
Giza General Contracting is an Egypt-based public shareholding company that operates in the construction and engineering industries sector.
The company is primarily involved in general contracting activities; operation, manufacture, and trade in all requirements of the contracting industry.
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