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Sept 26: Egyptian Real Estate Group's EGM to review stock split

Sept 26: Egyptian Real Estate Group's EGM to review stock split

ArabFinance: Egyptian Real Estate Group's (AREH) (AREHA) Board of Director (BoD) approved on August 29, 2019, calling for extraordinary general assembly (EGM) meeting to be held on September 26, 2019. The EGM will review 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 will also discuss amending articles No. 6 and 7 of articles of association.

It is worth mentioning that the BoD ratified the financial results for the fiscal period ending June 30, 2019. 

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

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