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Egyptian Real Estate Group set due & distribution date of stock split
19 Nov 2019 02:27 PM

ArabFinance: Egyptian Real Estate Group (AREH) (AREHA) decided to split the par value of its share from EGP 10 to EGP 2 with maintaining the issued and paid capital unchanged at EGP 80 million.

The issued capital will be distributed over 40 million shares instead of 8 million shares with a par value of EGP 2, 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