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Egyptian Real Estate Group's EGM okays stock split
29 Sep 2019 11:02 AM

ArabFinance: Egyptian Real Estate Group's (AREH) (AREHA) extraordinary general assembly (EGM) approved on September 26, 2019, splitting the par value of the company's stock from EGP 10 to EGP 1. 

After the stock split, the company's issued capital will amount to EGP 80 million distributed over 80 million shares. 

The EGM also ratified amending articles No. 6 and 7 of articles of association.

Read More: Egyptian Real Estate Group's earnings soar to EGP 25M in 1H2019