Egyptians for Investment’s board nods to nominal value split

Updated 3/12/2023 3:08:00 PM
Egyptians for Investment’s board nods to nominal value split

Arab Finance: The board of directors of Egyptians for Investment and Urban Development (EIUD) approved splitting the nominal value of the company’s stock to EGP 0.10 per share from EGP 1, according to the meeting minutes sent to the Egyptian Exchange (EGX) on March 12th.

Accordingly, the number of the company’s shares will be 500 million, with the authorized capital unchanged at EGP 400 million and the issued and paid-up capital at EGP 50 million.